Real Estate Investment Startup: What You Need To Know

There is no excuse for real estate investors to be in the dark as there is so much information available on internet websites including YouTube.  Information is also freely shared on social network sites like Linkedin and Twitter. So many experts are available and will freely tell you what, when and how to invest and the processes that need to be followed.  All this information can be accessed.  In a short time after you have closed a few deals and assuming you have been following the right advice you too can become an expert in the housing wholesale market.

Flipping houses is usually the first rung of the ladder that most housing wholesalers have climbed.  This is a way to make a commission without spending a dime on your real estate business and the only investment needed is your time, commitment and determination to succeed.  By acting as a go between and connecting someone who wants to buy with someone who wants to sell you can make money while learning your trade and honing your skill-sets.

Reasons That Hold Would-Be Real Estate Investors Back

• Some would-be real estate investors think they need a pile of cash to put on the table to make deals, when in fact there are various ways to leverage an investment deal without using your own cash or borrowing from the bank.  Although it is more difficult to do this than was once the case it is still possible.

• Find a real estate broker to partner with you to provide “wet funding” as double closings are difficult without some money shown on the table.  Remember that nothing ventured is nothing gained.  Some types of double closing have become illegal but a good real estate broker that knows the ropes and loopholes will find ways around this and help you stay legal and respectable in your transactions.

• Failure to invest in some real estate formal training is a pitfall that you should avoid.  You can get some good accredited real estate training online and a certificate to prove your credentials.  This will give you added confidence and you will be perceived as the real estate professional that you have become and has earned respect and recognition that you deserve.

Training and practical experience will be a great foundation on which to build your real estate investment business and remember the expression: “Mighty oaks from little acorns grow”.  It will take time to build trust and build your real estate business but you will have a great sense of fulfillment and achievement on the journey.