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Wednesday, June 1, 2022

How To Get The Most From Your Real Estate Investment? (1) | Introduction


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A female realtor shaking hands with her clients after a successful deal, Photo by Pavel Danilyuk

Foreword-Introduction

The Real Estate Investment industry can be a great way to build wealth and generate passive income. It can be as well, a great opportunity to secure your financial future, but it’s important to go into the process with your eyes wide open. This article will provide you with some essential tips that will help you make the most of your investment.

There are a lot of things to consider when you’re looking to invest in real estate. You need to know what to look for in a property, how to finance your purchase, and how to manage the investment so it is profitable for you. Here are a few tips to help you get started:


LOCATION IS KEY! The first thing to look at in a property is to make sure to focus on areas that are currently growing or have a certain growth potential; because the last thing you want to invest in is a property that’s not going to increase in value over time.

Most non-experienced real estate agents fail within the first few months of trying to settle a business enterprise out of investing in real property. The trick begins with a beneficial marketing plan and then practicing an organized effort to the marketing plan regularly.

Theoretically, this sounds weird but don’t worry there is much more required to succeed, and you will be learning more tips, tricks, and unique real estate marketing techniques in this article.

Tips For Being A Successful Real Estate Agent

To answer this question, first thing first, let's start by improving ourselves;

Do people recognize you as a person that buys homes or that you are a real estate agent, at least for your local audience and fellows? If your answer is yes, then you aren't performing well at marketing or real estate investing information the way it should be. According to some research, I find out some real estate investors complain all the time that they aren't receiving offers from sellers and as a result aren't receiving the leads they need to secure their financial future.

I suggest working on the marketing plan and the sellers will surely call. Not only that but if you are touring and promoting your offers at least in your local area, eventually you will be recognized for what you do and sellers will contact you for your reputation. Of course, this won't be without expenses, but this is what is called Cost-Effective Marketing.

There are many ways to make yourself recognized in the area where you desire to promote your work, which is probably the place where you live and have the most knowledge; you have to let others and potential clients know that you ARE in the real estate investing industry and will provide information that helps people acknowledge what you are willing to achieve (i.e. buying foreclosures, and distressed real estate, doing real estate short sales, and have got a lot of real estate information and experience in this domain).

However, some methods are cheaper than others. Therefore, you are going to experiment with each thing apart and adopt what brings and generates you the best results in your area to get the calls you require to manage real estate deals.

Joshua RI Penman, an expert agent in Foreclosure Investing and the publisher of the Real Estate Investing Information Source website, has tried many procedures of marketing methods for various real estate commercial enterprises. He came back with a few approaches that constantly create enough leads for him to purchase the 2 or 3 real estate properties and houses he wanted to purchase every single month.

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In this first part, I will be citing those SUCCESSFUL and tested REALTOR TIPS that get his real estate investment to generate more and more progressive income. Later on, in the second part, I will be discussing in detail each tip apart. Those nine are as follows:

1- Promoting with Classified Ads
2- Advertising in "Freebie" Publications
3- Use Bandit Signs or Road Signs
4- Car Magnetics
5- Flyers on Public Bulletin Boards
6- Imprinted and/or Promotional Items, Gadgets
7- Business Cards
8- Clothing
9- Other Beneficial Advertising Tools

Stay tuned for the next article where we will get further into each topic with full guidance on how to use it and when. See you then!

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