Archive for January, 2009

Protecting your Real Estate Investment

Tuesday, January 13th, 2009


 

Whether you are a new investor or a professional like Dean Graziosi, protecting your real estate investment is a top priority, and that means you must make smart business decisions.  When it comes to purchasing investment properties, there is no room to cut corners.  This holds true no matter if you are buying a rehab or flip property, or if you are buying a long-term rental property.

 

One of the biggest mistakes newbie investors make is overlooking the need for an inspection prior to a purchase.  This one mistake alone can sink you before you even get started.  The problem here is that new investors easily get caught up in the moment and they forget that there are good deals in every city and state.  Just because a home is cheap, does not mean you should buy it.  Don’t be too quick to jump if you have not done your research. 

 

If you are purchasing a property that needs work, not only should you get a proper inspection, but in the case that you still go ahead and purchase the property, it is best to hire a maintenance professional and get things fixed correctly the first time around.  Getting things repaired properly the first time will not only save you headaches, but thousands upon thousands of dollars in the long-term. 

 

Now let’s say you find a great deal on a multi-unit building and you purchase it without getting it properly inspected.  While it may seem like you have a sound investment, what happens when within a matter of months you find yourself with a leaky roof, air conditioning units that will not work and plumbing problems?  Not only will you find yourself with unhappy tenants, or no tenants at all, but you will be left with huge bills that may cost you everything.   

 

New investors should never take maintenance and upkeep lightly.  Likewise, if you are renting out your property, make certain you are screening your tenants.  Not only do you want them to pay their bills, but you want to make sure that they respect your property.  If you have repairs that need to be done and you are not certain you can do them correctly yourself, find a reputable company to do it for you.  The bottom line is that mismanagement will put you out of business. Managing your property correctly is the only way to protect your real estate investment.   

Becoming a Real Estate Investor

Monday, January 5th, 2009


 

If you have ever considered making money in the real estate market, one name you’ve probably become very familiar with is Dean Graziosi. Dean Graziosi is a real estate expert and he teaches others how to turn real estate into investment opportunities; he has taught many investors how to buy real estate, improve the property, rent it out or sell it at amazing profits, creating a win-win situation for all parties involved. In this scenario, the buyer or renter gets an amazing refurbished home and the investor’s hard work pays off. Through learning and utilizing a variety of investment techniques, Dean Graziosi has helped himself, and many others like him, become multi-millionaires.

Although Dean Graziosi has done very well for himself through investing in real estate, he had a difficult childhood that may have motivated him to work hard to live a better life. He was raised by his single mother and usually had to wear secondhand clothes. When he was still a teenager, Graziosi purchased his first piece of real estate, a run-down apartment building in the town where he grew up. At that time, he bought the building with no money down. That was the beginning of an era for Dean Graziosi, and he has since helped many thousands of people realize their potential in investing real estate.

Graziosi has several books and courses available today to help the novice investor fulfill their dreams. His newest book is called Be A Real Estate Millionaire: Secret Strategies For Lifetime Wealth Today which is available alongside his real estate investing course, Think a Little Different in Real Estate. These informational resources teach new investors a variety of ways to make a profit by buying and selling real estate. Dean Graziosi also offers advice to investors in his real estate training program. While he has achieved his financial dreams, he believes that anyone can accomplish financial independence with just a little knowledge and action.