4 Mistakes To Avoid As A Real Estate Investor

There is a learning curve with everything in life.  Mistakes arenwhatnusually separate those who succeed and those who move on to other ideas.  Sometimes it is luck or a mentor that saves an individual from those ever present land mines.  Sometimes it is reading an article that connects with them.



This Is Not A Hobby



Real Estate investing is a serious business filled with experienced people, both professional and not so.  If not taken seriously, you risk damaging opportunities before you even get started.  Just like any other industry and business, it is about building a brand.  To start, you need a business card.  Leave them everywhere on bulletin boards in coffee shops, garages and anywhere else you can pin them up for free.



Websites, blogs, and articles can also help you get your name out there.  Connect with the other business people in your area.  Use Facebook, LinkedIn, and Twitter to start building a web presence.  You also need to set yourself apart from the a,amateurs by setting up an LLC, getting a Federal Tax ID number and opening a business checking account.



Education Is Key



Everything you need to know in Real Estate investing does not end with your first purchase.  Sometimes the key to getting an edge on your competition is keeping a breast of all new trends, strategies, and techniques being used in this business.  Keep reading blogs, websites, articles and books in real estate investing.



Don't Forget Technology



Some Real Estare investors are old school. They still work through paperwork, rifle through through court documents and carry everything they need to know in their notebook.  This may work for them, but in some cases, they have no idea what opportunities are going right by them.  92% of all sales start online.  You need to create a website and use the Internet to search for opportunities.



Real Estate Agents Are Not The Enemy



Realtors are not uneducated investors, and often uncover opportunities in their daily business.  Yes, there are commissions involved, but it may be worth the fee.   Finding the right realtor who understands what you are trying to do can be a very worthwhile relationship.



I hope this article has been helpful!  I wish you the best of luck in your Real Estate Investing business!


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