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Real Estate Essentials
young
#1 Posted : Monday, November 05, 2012 7:11:52 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria

1. Read Books about Investing in Property
Books are among the main sources of knowledge and wisdom from the ones who have excelled in real estate. Years and years of experiences combined in a single book where everyone can learn and profit from it.


2. Attend courses and Seminars to expand your Knowledge

Today, there are hundreds, or even thousands of mentors that are willing to share their methods, techniques, and strategies with you in return for a fee, of course.


3. Have a Mentor with You

Always believe that "When the Student is Ready, the Teacher will Appear".


Get a mentor or guru to help you whether you're just starting, finding deals and other aspects of investing in real estate.


They have gone through the same road as you and they certainly know the do's and don't's in making important investment decisions.

4. Join Local Real Estate Associations This place is jam-packed full with fellow investors ranging from novices to seasoned pros. You get to meet a lot of like-minded persons sharing you tips, ideas, and even some deals with you.


Try to make friends with them while exchanging ideas so your knowledge level increases.




5. Practice Makes Perfect


Stop talking and start doing....


Yup, you can start practicing your basics real estate investing skill by looking at the papers in the property section. Or even the internet. Try to phone every number you have on that list and see what kind of offers they have.


You can also walk around the area you live and take notice of houses for sale signs.


Since real estate is a numbers game, you have to deal with numbers all the time.


But don't worry. Once you get a hang of it(by practising), it'll be second nature to you.


Speaking of practicing, when you're ready to start.....


6. Start Small


Every human being makes mistakes. The same is true for real estate, especially for beginner real estate investing persons. So begin by starting small, making mistakes, and learn.


Look for small deals, learn, and then proceed to the bigger ones.


7. Make a plan


Every business has a plan. And real estate is your business.

Having a plan is essential if you want to achieve your investing goals. Start by putting everything on paper.

This includes your goals, the number of properties you want to invest, and the amount of money you wish to make. Braindump every single aspect of your goals by writing it down.


8. Persistance



The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Chaka
#2 Posted : Monday, November 05, 2012 9:22:32 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
[quote=young]
1. Read Books about Investing in Property
Books are among the main sources of knowledge and wisdom from the ones who have excelled in real estate. Years and years of experiences combined in a single book where everyone can learn and profit from it.

Bwana Young,
Which books have you read and can recommend?
Almost all ads I have seen in Kenya have this statement:
"Particulars not warranted"...Is this the case worldwide?
Another thing(In Kenya) I don't like is that most property ads photos are doctored and the surrounding areas often appeadr green and attractive but on the ground it is not the case....



young
#3 Posted : Monday, November 05, 2012 10:40:12 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
@Chaka

Take a look at :-

- The Automatic Millionaire Home Owner,a powerful plan to finish rich in Real Estate by David Bach

- Real Estate Debt Can Make You Rich by Dteve Dexter. A typical good debt is SACCO loan invested in well researched real estate in African contest as the interest rate is very low when compared to bank / mortgage loan

- Any Series from David Trump

and many others
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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