This guide contains eight chapters, each focusing on a specific part of your investing journey. If you can master these, you increase your chance of building wealth through real estate and minimize the risk of failure or loss. This guide will walk you through the following:
Your Real Estate Investing Education
Before you start investing in real estate, it is imperative that you get educated in the important concepts. There are dozens of ways to get educated and build your knowledge base, and Chapter 2 will focus on those areas in great depth.
Choose Your Real Estate Niche and Strategies
There are a number of different strategies and angles from which to approach the business of real estate investing. The more you focus on one specific thing, the better and more knowledgeable you become at it. This will be the focus of Chapter 3, as we dive deeper into looking at the various niches and strategies you can profit from in your real estate journey.
Create Your Real Estate Business Plan
As the ancient proverb goes, a house built upon sand is subject to collapse. By creating a strong foundation that your real estate endeavors will stand upon, you will create a more sustainable business that can weather the storms you may face. Chapter 4 will show you the best ways to build that foundation to maximize the odds of your success.
Find The Best Investment Properties
When it comes time to actually make your first investment purchase, it is vitally important that you don’t pay too much and that you invest in the right kind of property. Chapter 5 will dive into the specifics of how to set proper criteria to guide your investment decision making.
Financing Your Real Estate Investments
Paying for your investment is much different than paying for a loaf of bread – and the method used can often mean the difference between success and failure in a real estate investment. Chapter 6 will dive into the various financing tools you can use throughout your investing career.
Mastering Real Estate Investment Marketing
Regardless of what aspect of real estate investing you choose to focus on, you will undoubtedly need to have a strong marketing skill set. Too many investors have the “if you build it, they will come” mentality when it comes to real estate. Putting together the right marketing program and allocating the necessary amount of resources towards it is absolutely crucial to the success of any real estate investment business over the long term. Chapter 7 will focus on the marketing aspect of your real estate investing business.
Knowing and Executing Your Exit Strategies
How you plan on exiting your real estate investments is just as important as the way you enter them. Whether you sell, rent, or exchange your property, it is vitally important to have a clear understanding of your exit strategy options for any investment deal from the beginning in order to minimize your risk. Chapter 8 will discuss these exit options in detail to help you plot your investing course.
Are You Ready to Begin?
As you work your way through this guide, remember that this is not all-encompassing. It is a 40,000 foot view of how real estate investing works and is designed to give you the basic tools to get past the all important question of how to get started. As you read along, make note of any questions or highlights, and then come back to BiggerPockets.com and search the site or ask questions on our Forums to learn more about anything on your mind. If you’re unfamiliar with our site, BiggerPockets.com is an online community of real estate investors with the web’s largest collection of advice for new and experienced investors and is free to join and to begin participating, learning, and growing.
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