DEAN GRAZIOSI: DEAN GRAZIOSI REVIEW – REAL ESTATE FEED BY DEAN GRAZIOSI

New real estate investors often sit at home chomping on the bit thinking about the riches to be made and sure they are going to strike gold immediately. They’re not flakes. It happens and the fact that it happens makes many jump before they’re ready. That’s where the trouble starts. In order to avoid falling victim to the over-eager deal get all your ducks in a row and be sure you understand all of the concepts behind what you are doing, and what the numbers REALLY say about a proposed project.
It’s easy to read numbers the way you want them to be rather than as they are. The way this happens most often is over-anxious investors look at the numbers without considering what is underneath them. A lot of money is lost on real estate deals that have nothing to do with the actual purchase/sale of the property at all. You may be shaking your head thinking I’ve jumped off the edge of my sanity but here’s how it goes:
Super Investor looks at a deal and sees: sale price $100,000.00, market value of the property $150,000.00, repairs needed (after close inspection of property—he did do ’some’ of his homework) $30,000.00=potential profit $20,000.00—SWEET! Super Investor jumps on that baby like white on rice.
What Super Investor forgot to calculate were the legal fees (if he’s smart enough to have a lawyer look over contracts etc), realtor fees (if he’s smart enough to use one to sell the home), cushion for that ‘oh my God the roof is falling in’ repair that pops up in the middle of a project, and any number of little things that eat away at profits that look good if you only consider the purchase/sale figures.
Real estate IS a great investment and there is lots of money to be made if you do it wisely. Take the time to really learn what you need to know going in and avoid jumping.

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When we read Dean Grasiozi’s investment strategy for buying real estate from a foreclosure event, we were sceptical. Although his arguments sounded plausible, we are cautious people.  We usually follow the old adage, ‘if it sounds too good to be true, it probably is’, so we did some investigating.  We checked the listings in and around our area for foreclosures.  To our surprise, we discovered a listing of properties designated for foreclosure by accessing public records which is where, according to the law, a property destined for foreclosure must be announced.

We found 4 different properties all listed at less than 30 000 dollars. One looked like it needed a lot of work; another was too far away from the city for our personal tastes, but the other two seemed like nice properties in good shape so we decided they were certainly worth checking out.

While we realized that we would have to keep constant vigil over the foreclosure announcements to find one that would fit our geographical preferences, we were pleasantly surprised to find verification that Dean Grasiozi’s strategy for becoming a real estate overlord could be put into practise.  We also realized that most real estate agents would have ready access to the same foreclosure information as we did, so the competition for desirable properties would be dense, but in theory, we believe the Dean is telling it like it is. 

It takes diligence and commitment to make it work, but what successful financial venture doesn’t?  There is no such thing as a pot of gold at the end of the rainbow, but there is often a good dollar to be gained from hard work.  Thanks, Dean for the head’s up.

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The world of real estate investing can get very confusing especially if you don’t have someone to guide you through. Thank God I found someone in Dean Graziosi. It is just that unless you understand the ins and outs of making a profit form real estate, you wont really understand what you are hearing. One moment it may seem like everybody is blogging, talking on twitter, or setting up a wiki that says that property is a great investment, and how it goes up in value (true), and the next moment you will be hearing how real estate investing is so volatile (and it can be).

The truth is that real estate investing is “easy” and “difficult” at the same time.  It is difficult when you have no idea what you are doing, and aren’t interested in putting in the time and effort to learn, and its easy when you have done your research, your work and everything that should be done for such a purchase.

The biggest factor that will determine whether you make  a profit from real estate  now or not is the location. You see, property prices change from community to community. This is due to the size of a community, its industry, or economic health, property laws and taxes.  This affects the value of the property and the quality of life of the people that live here. Even, the type of schools in the area influence the price of the property.

If the neighborhood is quiet, clean, and there are good schools around, then generally the price of real estate will be higher. If on the other hand the area has a lot of crime, most of the homes are run down and the area looks un-kept then the price will be cheap, but the question is do you really want to buy in such an area? Can your really make a profit from real estate now? These are questions you should ask yourself before investing in real estate in these types of areas.

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One of the biggest mistakes new real estate investors make has absolutely nothing to do with technique.  No, believe it or not it’s all about the mindset.  A mindset is nothing more than the habitual mental attitude that determines how you think and respond to a given situation.  The truth of the matter is that most new investors have failed before they even start because they have mentally set themselves up to fail. 

The most common contributor to a negative mindset amongst real estate investors is a lack of confidence.  This can be for many reasons including a lack of funds, the inability to find great deals, an investment gone badly, or simply a lack of education.  One of the best things you can do to get yourself out of the pit is to set realistic short-term goals.  Even small accomplishments will help boost your confidence and will set you up to achieve your long-term goals.  Celebrate your small successes, no matter how trivial they may seem.  In the grand scheme of things, each success is a huge step toward your final goal. 

Another key to creating an investors state of mind is education.  An educated investor is a prepared investor.  The more you self-educate, the more prepared you will be in any situation, and that creates confidence.  Moreover, if you have experience with an investment that didn’t quite work out as you hoped you must learn what you may have done wrong or you are doomed to repeat it. 

Whatever you do, never forget that there is always more to learn.  When you fail, pick yourself up, find out where you went wrong, and go try it again.  If you want real estate millions to be a reality for you, you must play to win. 

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