How to Become a Real Estate Investor: Getting a Solid Start

 

In today’s economy, the phrase of the day seems to be “economic downturn.” Fortunately, for the world of real estate investment, it is a buyer’s market. If you are looking to get started as a real estate investor, you will have to find the “opportunity for success” in any given market environment. There is always a way to make the current economic situation work on your behalf. Today’s housing market is perfect for the investor:

 

Ÿ         Housing costs are at a four year low and are selling far below appraised values

 

Ÿ         Mortgage rates have fallen below six percent, with the prospect of even lower interest rates to come

 

Ÿ         There is currently a huge selection of real estate available

 

Many people simply sit back and listen to the gloomy predictions of the media and take every cue from their reports. The truth of the matter is that no matter what the predictions are, there are those who will benefit from the current economy, and those who will not.

 

With predictions of a possible recession looming, there will be some who will find the loophole and prosper from the situation. That person should be you. Now is the time to take advantage of all that the current market has to offer. Right now, during a down market, there is a window of opportunity to truly buy low, which is the number one key to real estate investing.

 

So how do you get started as a real estate investor?

 

Like the saying goes, knowledge is power. Perhaps the most important secret to success as a real estate investor is to obtain specialized knowledge. This will keep you from making painful mistakes, and give you the sense of self assurance needed to actually get out there and make things happen.

 

Don’t quit your day job just yet. Start taking some courses to give yourself the broad scope of information needed to get started. After you have general knowledge about real estate, and understand subjects such as locating properties and determining worth and resale value, you most likely will have developed your own particular niche of interest. Maybe you’ll want to invest in rental properties, vacation homes, foreclosures, or commercial ventures. Whatever your interest, take the time to develop the knowledge and strategy needed to build your potential for success.

 

Find success in today’s market. The smart real estate investor will adjust his interests to take advantage of today’s economic climate. Regardless of what type of real estate you are interested in, you should develop some knowledge of foreclosures and bank owned properties. With so many valuable properties sitting stagnant, the market has begun to open up as banks and lending institutions are being forced to let these properties go for hundreds of thousands of dollars below recent market values. The savings available today are almost staggering.

 

An even better way to save might be to locate a private investor who has purchased an entire bank portfolio at pennies on the dollar. This is not uncommon in today’s market. Taking advantage of these wholesale prices can cause you to amass a small fortune, if you are equipped with the knowledge to position yourself for this type of savvy investing.

 

Another closely guarded secret involves properties in probate which can be tracked down with public court records. With the proper detective work and knowledge of the court process involved, this can easily become a niche in itself and a perfect way to acquire properties.

 

There are many opportunities out there, and many roads to success as a real estate investor. Once you have made the decision to participate in the advantages of the real estate market, your first step is to focus on increasing your knowledge. As you spend more time learning about real estate investing, you will become aware of available strategies and develop a sense of timing in order to make the most from your investing dollar.

 

Begin today! Our recommended real estate course, will equip you with up to date knowledge, as well as inside information into the world of real estate investing. Our courses, developed by leaders in the industry, include timeless information and shortcuts to investing which would normally take years of experience to acquire. Sign up for our free newsletter to keep informed of the most recent information, changing laws, and hidden opportunities in real estate investment.

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Turbo-Charge Your Goals in 2009 - Goal Setting Forms

Write It Down, Make It Happen!

Lots of people I know make elaborate To-Do lists as a way to get things done. These lists help to organize and prioritize the things they want to accomplish.

List making is actually an excellent tool to use -- if you are okay with average results.

But it's just not enough, if you want a really robust and rich life, you can't make it happen with a To-Do list as your main strategy. I'm not knocking the To-Do list. In fact, I use one every day! Typically the To-Do list is an ongoing list of tasks we need to take care of, such as checking out an online newsletter vendor to picking up movies at Blockbuster for your kids.

These tasks range from the necessary to the mundane AND usually are missing a critical piece. Your Big Picture Goals and Dreams!

What do you want to be able say that you accomplished and experienced at the end of 2009?

-Is it creating your own information product? Your own book?
-Is it having a top notch website and blog?
-Is it having a perfect team to support you?
-Personal goals? Master a second language?
-Heal a relationship?
-Create deeper bonds and community?
-Give back? Make a difference?
-Expressing your creativity?

Write these important (sometimes neglected dreams) down on paper.

The absolute fastest way to these Big Ticket Dreams and Goals of yours, is to declare them first to yourself, by writing them down on paper in vivid detail.

It's a great idea that you designate a special notebook to capture your creative ideas, thoughts and scripts of what you want to accomplish and experience in the upcoming year.

Writing it down on paper activates the potential for it to happen. Once you've gotten it out of your head and onto paper, all of a sudden it becomes more realistic.

You've literally created a blueprint for your success! From your blueprint, you can break down your goal into a logical sequence of steps to be taken. Guess what, your To-Do list, is the perfect place to add these "bite" size tasks that lead you to the big time goal! The secret here, is to make sure you take time to take yourself and your important goals seriously. Write them down, create the plan and take the actions you need to take to make it happen. The sky's the limit!

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Learn more about Diana,"The Results Expert"(TM)and receive your FREE Report, "3 Huge Mistakes People Like You Make to Sabotage Their Success & How You Can Completely Avoid Them!" and FREE subscription to "Life & Work Design Secrets" e-newsletter, please visit http://www.DianaLong.com .