Wednesday 5 September 2007

Getting Started in Real Estate Investing

By Tracy Caywood


Real estate investing is the best opportunity you have to become a millionaire entrepreneur. With the proper education and training, you can be quite successful, even if you’re a beginner.
With residential foreclosures being at an all time high, offering your solution services to highly motivated sellers will deliver fat checks and earn you the fat cat status. These people are looking for solutions, and you are the in-person handbook full of them
There are plenty of books and courses available that are packed full of information, tips, secrets, and advice. It’s also a good idea to find a mentor, or someone who can help you understand the basics. Attend seminars whenever possible to shorten the learning curve, and sign up for real estate investor forums so you can interact with the big cheeses.
Search your area for the local REI club. This is a great place for networking with other tycoons in the real estate field who hold a gold-mine of information. It’s usually there for the asking. Let others be your guide until you can guide yourself.
Being a real estate investor doesn’t necessarily mean that you “invest” your money OR that you own rental property. You can become wealthy by learning the loopholes of creative financing strategies for buying houses and land, without ever having to obtain a loan from the bank again.
Buying houses, lots, land, and buildings using creative financing will open new doors for you, and build your net worth faster than you can imagine.
As with any new venture, start with a business plan that includes marketing, advertising, continuing education, and exit strategies.
Tracy Caywood is an active creative real estate investor since 1999 and is now a personal coach and mentor for new investors across the country. In addition, she pioneered the handwritten marketing service for investors in 2006. http://www.YellowLettersComplete.com Check out her blog at: http://tattooedgurus.wordpress.com
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