Shawn Nutely discusses 10 essential tips for new real estate investors in this in-depth presentation blog. For more information, please visit ShawnNutley.com!
Investing 101: 10 Essential Tips for New Real Estate Investors
1. S H A W N N U T L E Y . C O M
Prepared by Shawn Nutley
Investing 101: 10
Essential Tips
For New Real
Estate Investors
2. INTRODUCTION
If you’re interested in investing in real estate, you may not know how to put your
passion to work. These tips can help you turn that interest into a useful strategy that will
push you toward investing success. As with any new endeavor, benefiting from the
advice of professionals can help you avoid common mistakes.
3. DETERMINE WHAT TYPES
OF INVESTMENTS TO
PURSUE
Will you invest in multi-family properties, commercial real estate, or new constructions?
The answer to this question will depend partly on the market in your area and the
available opportunities. It will also depend on your interests and knowledge. By
evaluating all of these factors, you can determine which type of investment presents the
best opportunity for you.
4. LEARN AS
MUCH AS YOU
CAN
You may have heard this before and that’s because it’s good
advice. When it’s recommended to learn about real estate
investing, that doesn’t just mean learning about the general
principles and the laws. While that’s important, you should also
take time to learn about the market and how the area economy
affects real estate in the community.
5. Of course, you know you’re going to need good credit to qualify for your first loan.
Additionally, your credit and financial history will help you develop a reputation
among other real estate investors. If you can maintain a positive reputation, you’ll
find yourself presented with more opportunities in the future.
Your Credit Matters Here Too
6. LOCATION IS STILL
IMPORTANT
In today’s world, it seems as though no neighborhoods are completely
cut off. While that may be true, that doesn’t mean some neighborhoods
aren’t better than others. By learning how to recognize the characteristics
of an up and coming neighborhood, you’ll have better luck in selecting
promising investments.
7. BUILD A
NETWORK
OF
INVESTORS
As you start out, you will likely find it difficult to get other investors to
trust your instincts. However, after you enjoy a few successes, you’ll
attract others interested in jumping on your bandwagon. Let them. The
more investors you can get to join you, the less you’ll have to invest of
your own capital. This can also be an opportunity for you to take on
bigger projects.
Educating yourself about real estate in your community is one of the
best ways to ensure you’ll make wise decisions. Risk will always be
present in any real estate investment, but doing your research can
minimize those risks. Taking the necessary time to look before you leap
will be worth it and can help you turn one investment into a stepping
stone for the rest of your real estate investing career.