Real estate investing tips

Real estate investing tips from savvy gurus and advisors
Louis Brown Ron LeGrand John Ulmer Equity Trust Co.
Ken Varga's Tip Michael Barrett Robert Kiyosaki

Louis Brown RE Investing Tips

Louis Brown is a systems fanatic. He has a long list of tips incorporated into a complete real estate investing system based on hard knocks and experience as a real estate investor. He is a master of real estate land trusts.

Taking his real estate investing tips out of context - and paraphrasing them - does not really do them justice. Just the same here are some tips from Louis gleaned from seminars and course material.

Always use a system to manage your real estate investments. We get too busy and we forget details. If you follow a step by step system - every time, you will minimize costly mistakes - particularly in the beginning.

In 20+ years of real estate investing, in hundreds and hundreds of deals, I have never used bank financing to buy investment properties. There are lots of ways to accomplish this and you need to find out about them and master them.

Real estate option tip - quoting from the Street Smart Lease Options Course

"Options offer the highest and best use of your negotiating skills and the highest leverage of your money and effort that exists in this, or possibly any field of investment."

Ron LeGrand's Real Estate Investing Tips

Ron LeGrand is a walking encyclopedia of real estate investing tips. He has personally purchased over 1600 single family homes using private financing. He is a master at quick turn real estate.

Perhaps his most important tips are:

If you want to stay out of trouble as a real estate investor - particularly in the beginning - don't write big checks.

Be fair and honest with people. Don't make a promise you don't intend to keep.

Always take title to your properties in a land trust.

Use your Roth IRA to buy real estate.

Get going and keep trying until you succeed.

There's lots more where that came from. If you pay attention to Ron's advice - you will come out ok in the long run.

John Ulmer's Real Estate Investing Tips

John Ulmer is a rehab guru in Toledo, Ohio. John estimated he would do over 350 transactions in 2003.

He is also a master in raising private capital for real estate investing. Some of his real estate investing tips include:

Always give the person who loans you money for a real estate transaction a first position deed of trust against the property.

Designate them as a beneficiary of a life insurance policy until the money has been repaid.

Ask everyone you know if they are making 10% - or better - on their 401K's or IRAs. If they are not you need to talk about providing capital for real estate investments and getting a great return secured by a deed of trust.

Own your market. John teaches all types of creative marketing techniques to generate effective results finding motivated prospects as an investor in your local market.

This guy is a lot of fun and he loves what he is doing. His real estate investing tips are very practical and easily duplicable.

Equity Trust Co - Powerful Real Estate Investing Tips

Utilizing your Roth Ira to own property may be one of the smartest real estate investing tips yet.

You can grow your equity safely, secured by deeds of trust against real estate and create some significant tax advantages at the same time.

Find out more here about Equity Trust Co.

Ken Varga's Tip

One of the most valuable real estate investing tips came from the wealthiest man that I know personally - who is not a real estate investor. It's valuable because it validates the need to invest in real estate.

To paraphrase Ken's comment about real estate investing...

"I never cared much for real estate. My interest was always business - and I never really regarded real estate investing as a business. Looking back though, I was forced into real estate investing for tax purposes. In retrospect, it made me tons of money and still does."

Ken is a financial and marketing genius. Read more about Ken Varga here.

Michael Barrett's Real Estate Investing Tips

Most wealthy people I know have made a lot of money in real estate investing. Whether they were active investors initially or not, they were instructed by tax and financial advisors - over time - to put money into the real estate market.

In the long run, whether through:

appreciation

1031 exchanges

capital leverage

depreciation allowance

their real estate holdings substantially grew their net worth - not to mention significant tax advantages, and cash flow from rental income property along the way.

Several important real estate investing tips:

The key here is to get started as soon as you can because time always works to your advantage in real estate.

There are a lot of misconceptions about real estate investing.

One is that you have to find the deals yourself. You don't. You can be the bank and let other people bring you the deals - but you do have to know what you are doing.

Another is that real estate investing is all about finding run down houses that need to be rehabilitated. This is only one segment of real estate investing - and there is a lot of money in it - but not the only way to invest in property.

Many people think that you need to be a licensed real estate agent to be an investor. You only need a license to sell other people's houses - not your own.

Real estate investing is risky. Real estate is risky when you don't know what you are doing. Learn by going to real estate investing seminars, joining local real estate investing clubs and read a lot of books. Ask alot of questions.

Get in the habit of talking about real estate to all the people you deal with every day.

Take advice from people making money as investors, not "armchair quarterbacks".

Robert Kiyosaki

offers real estate investing tips about getting rich in real estate.

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