Real Estate Investing Tips from an Expert Investor
How about some real estate investing tips from a seasoned expert investor???
I was at a property the other day with Wil Christenson, a local creative real estate investor in the Charleston SC area, and happended to have the video camera with me. We decided to shoot a quick video highlighting Wil’s top tips in various areas of real estate investing. Areas such as marketing,negotiating, deal structuring, financing, flipping, renovations, property management, and exit strategies.
You guys are in for some HEAT! Check out the real estate investing tips video below . . .
[flv]http://www.mustknowinvesting.com/video/Real_Estate_Investing_Tips.flv[/flv]
(go to the blog to watch the video if you’re reading
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Put your top real estate investing tips in the comment area. We would love to hear from you!
Category: Marketing, Negotiating, Property Management, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Rehabbing, Tips and Tricks
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Hey, bro – a great video with some solid tips.
One thing I respectfully disagree with is the “have a bunch of different tools in your tool chest” and see which one fits any given deal.
This is something I think only more advanced investors should do. Newer investors should find something – one thing – and get really, really, really good at focusing on that one thing. Otherwise you run a strong risk of
1) Feeling constantly overwhelmed
2) Stalling in the trap of constant education but little/no action
Personally I think you should be a specialist rather than a generalist. Specialists always outperform generalists. They may add other tactics/techniques, but only after developing proven expertise and a solid track record in one specific area.
That’s my opinion at least. Everyone I’ve ever known in REI who I’d consider to be a superstar or high level performer has been a specialist in one thing primarily.
Thanks for a great video though! Enjoyed hanging with you in Vegas, man!
…jp
jp moses | REI Tips’s last blog post..Systems Guru Brings 4 Hour Work Week, E-Myth to Real Estate Investing
Right on JP! Great point . . .
I wholeheartedly agree that focusing on a primary strategy/niche is extremely important for newer investors. I talk to too many people that have gone out and purchased every course under the sun on wholesaling, flipping, foreclosures, subject tos, lease options, etc. but still haven’t done their first deal.
There’s a lot to be said to specializing and becoming excellent at one strategy. When other leads come in that don’t fit your model, those can be sent out to other investors that can pay you a wholesale/referral fee if something works out.
After you become a seasoned investor, then, I see value in learning how to put together that next kind of deal.
Thanks for the tip!