How to Become a Successful Real Estate Investor — 3 Simple Steps
How To Become a Successful Real Estate Investor — 3 Simple Steps
While the masses are wringing their hands over the economy, hooking up with a good real estate investing course can give you the tools you need to survive and even prosper.
How can anybody be so sure about that with a real estate bubble that is deflating before our very eyes? I thought real estate was in the tank. Well, it is — sort of.
Retail Real Estate Is Going Bust
Let me tell you about a little known niche market that is exploding today. It may be little known, but it’s not little. It’s growing almost exponentially.
All the economic news being reported is bad. But that leaves most people in the dark about genuine opportunities in the wholesale real estate market right now. A lot of people are doing extremely well and you can learn from them how to do the same.
The demand is big right now for old, run-down, ugly houses. The same forces that are ravaging the traditional real estate market, are propelling the wholesale market into hyperspace.
The difficulty of getting a loan is, of course, wreaking havoc with the traditional housing market. That’s where homes are listed and sold by a realtor using the Multiple Listing Service (MLS). That venue is very slow right now.
Wholesale Real Estate is Booming
What’s the wholesale market? This may be new to you, so let’s define our terms.
There is a vast market of residential transactions that occur outside the MLS. These are beneath the radar and called “wholesale” because there is no realtor middleman involved. Foreclosures are part of it, but not the whole story. Consider this:
1. Owners of dilapidated second homes are being pressured by the economy to sell those properties. Many of them need cash. Typically, they don’t owe a lot on their old, run-down houses. These are often second homes.
2. Rehabbers and developers are looking for old, run-down second homes to fix up and sell or rent. Because of the credit crunch not many new homes are being built. Builders are looking for ways to keep their crews busy. These are rehab projects they would have ignored just a few months ago.
3. When it comes to housing, a lot of people are adjusting their expectations down a notch or two because of the economy. Foreclosures and the difficulty of getting a home loan have created a boom in the rental market.
4. A lot of people have cash or liquid assets to help finance these deals. The smart investors have pulled their money out of traditional investment vehicles. They are looking for a way to get that money working again.
Can you see the potential here? People are needed to facilitate the deals in this emerging market. A catalyst is needed to bring all the elements together. </li>
And that’s where you come in. You can be that catalyst. You can be a House Hunter or Acquisition Agent. Eventually, after you get your feet wet, you can step up to working as a full-service real estate investor.
But to be that catalyst you need some knowledge. There’s a lot of money in real estate, but it can bite you if you get careless. You need specialized knowledge that you can’t get at college or simply from reading a textbook.
Most people already have their heads crammed with knowledge. They need a special kind of real estate investing course. They need an apprenticeship that combines
1. An emphasis on in-the-field training
2. Access to an expert when you need him
3. Enough book learning to fill in the gaps
A year of that kind of education is worth four years of college education. Easy. A year of that kind of education can make you dangerous. The apprenticeship approach puts you in the field practicing your trade, studying a few relevant books and websites, with access at any time to an expert mentor.
That’s the way people used to learn a trade before college became all the rage. But think about how many high school drop outs end up running big companies. The skills required to do well as a student may not coincide with the skill set of an entrepreneur.
Often the college grads end up working for the high schoolers. Which would you rather be?
Just ask a few of these wealthy individuals who never graduated from college:
Walter Cronkite (CBS News)
Ted Turner (Turner Networks)
Jay Van Andel (Amway)
Steve Jobs (Apple Computer)
Debra Fields (Mrs. Fields Cookies)
Michael Dell Dell (Computer)
Bill Gates (Microsoft)
Paul Allen (Microsoft)
Richard (DeVos Amway)
Stephen Spielberg (Movie Director)
And there are tens of thousands more. It’s like an athlete who skips college and goes directly to the pros because that’s where the money is. With tuition costs in the stratosphere these days, that’s what more and more people are saying about college.
Why bother? Do you really want to be saddled with tens of thousands of dollars in student loans? If you decide you need or want it you can always pick it up later. And spend spring break at your beach house in the Bahamas.
It’s a no-brainer, isn’t it? So find yourself a friendly real estate investor, who’ll take you under his wing and let you enroll in his personal real estate investing course. Ask him what you can do to make life easier for him and I’ll bet he’ll put you to work as a house hunter.
Learn how to be a real estate acquisition agent at http://tmarkets.teamworkprogram.com, a website run by Dennis Woods. Discover why right now is the best market for investing in real estate we’ve seen in years, even for people with very little capital, at http://www.sell-this-old-house.com/economic-depression.html
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