Hello real estate brokers and investors everywhere! I'm 22 y/o and i want to get into the real estate business. first and foremost, i wanna know if you NEED to become a real estate broker before becoming an investor? because the way i see it, being a broker is a great advantage for an aspiring investor in real estate because it can make you learn about all aspects in this type of business. correct me if i'm wrong though. I have no knowledge about these things so the correction and additional info are greatly appreciated. Thanks.
The secret to getting those great returns lies in understanding the fundamentals of what makes a great real estate investment and focusing on buying only the best real estate. It is very important to conduct your research and formulate a plan before making any investment in real estate.
It takes tenacity to become a successful real estate investor. Learning to invest in real estate can be very uncomfortable initially. You have to be willing to persevere through the real estate investing process while feeling unsure of yourself. It is completely natural to make mistakes when you are learning to invest. Just make up your mind to learn from each mishap and keep moving forward. To become a successful real estate investor, you also need to determine what you want to accomplish through real estate investing.
Study the real estate market where you plan to invest. Start with a small area of a town or city (also known as a “farm area”) and concentrate your investment efforts there. Your goal should be to become an expert investor in your farm area. Once you are familiar with the property values, the length of time to sell a property, which properties sell fastest and which ones sit on the market too long, you can think about expanding your business.
Join a Real Estate Investors Club in your area.
