12 KEYS TO REAL ESTATE INVESTING
Key 1.)SETTING YOUR GOALS – Time frame – Short term, Immediate, Long term. Areas in your life – Spiritual, Family, Financial.
Key 2.)PEOPLE TO KNOW – Bankers (Community Banks), Attorney, CPA, General Insurance Agent, other Investors.
Key 3.)TYPES OF INVESTMENT PROPERTIES – Rehabs, Wholesale, Rentals.
Key 4.)FINANCING – Borrow $ before you need it (use Community Banks).
Key 5.)LOCATING INVESTMENT PROPERTIES – F.S.B.O., F.R.B.O., R.E.O., Estates, other Investors, Driving For Dollars, Bird Dogs.
Key 6.)EVALUATING PROPERETIES – For Residential, use a CMA, For Rental, use income approach.
Key 7.)PREPARING THE OFFER – Keep it Simple, you make your Profit when you buy.
Key 8.)READYING YOUR PROPERTY FOR THE MARKET – Make it look good, Curb appeal sells.
Key 9.)RENTING YOUR PROPERTY – Screen, Screen, Screen your Tenants.
Key 10.)MARKETING AND RESELLING YOUR PROPERTY – Think about co-listing with another agent.
Key 11.)LEGAL ASPECTS – Always seek legal advice.
Key 12.)THE GAME PLAN – Review & Implement 1-11
For Additional Info. Please Feel Free to give me a Call.
HAL WILSON
385-1414 OFFICE
485-0999 CELL
EMAIL- wilsonh@realtracs.com