First Step in RE Investing...

[REGrandCentral]

Your First Step...

If you’re a new real estate investor, then you are probably feeling quite overwhelmed with your goals and the details of how to get there. I’d like to tell you a very basic strategy to help you get started.
To begin with, despite the hype that you see in the late night infomercials and even some of the investment clubs, you’re going to need at least some money to get started in this business. Nothing in life is free. You need to be able to start a corporation, have money on hand for deposits (even with OPM Other People’s Money) and have enough at hand to pay for inspections and other costs. So how can the average person do this?
The answer to getting an appropriate amount of money and operating credit is very simple and at the same time allows you to learn the business.

What you need to do in the beginning of your real estate investor career is to become what is called a “bird dog”. This is the easiest way to start and at the same time offers no risk whatsoever. Additionally, you can learn the step by step process along the way. Typically a “bird dog” finds properties for investors, and they take the process from there. The bird dog gets rewarded for his or her efforts depending upon how good the deal is and other factors. In fact there are many people who simply earn extra money from being a bird dog, and that is where it ends for them.
Use your human capital (i.e. the people who you know) to find properties. The first thing you need to do is get some business cards printed up. They should explain clearly what you do, and give them out to EVERYBODY you come in contact with. You may actually be surprised how many people you do know. Not just friends, but people whom you do business with, stores that you stop into, restaurants, dry cleaners, gas stations, etc. Also don’t overlook your online life. If you’re on facebook or other social networking sites, write a note to your online friends explaining what you do. Get the word out as much as possible. If you contact 500 people by either handing out a business card or by writing them a message online, you will get some deals.

As a new real estate investor you’ll want to take the extra step and get as involved in the deal as possible. If your investor is agreeable, check up on the property; see what was invested, how the steps of the process were managed, and how the retail sale went. Books and tapes don’t really cut it. Reality does and reality is your ultimate teacher.

We here at Real Estate Grand Central have many “bird dogs” looking for deals on our behalf. It’s a true win-win situation, they win and so do we. We welcome you to bird dog for us, and learn from true professionals.
After you do a few bird dog deals, you will find that you have money in your business account to begin your own deals. And then the real fun begins…
Leonard the marketing guy
http://www.realestategrandcentral.com/

[Ian Bothom]

Real estate investment is considered to be the best value of your money but to invest in the real estate is an art.The article above is about the steps involved in how to invest in the real estate.I appreciate that you have shared such a valuable information.

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