A Beginner’s Guide to Real Estate Investing

Investing in real estate for profit can be a very risky and complicated proposition these days. The first thing to know is that it takes a great deal of time, education, experience, and expertise to be a successful investor. If you’re fortunate enough to succeed, the rewards include appreciation (of investment properties), rental income, and numerous tax benefits. Alternatively, if you don’t get it right, you may be left with an illiquid (difficult to sell) property that requires intensive management. Other factors you should also consider include national and local market conditions.

At the national level, you must deal with interest rates and tax laws, and at the local level, your success will depend on economic growth and the demand and supply of property in your local community. So, let’s get started with some real estate investing tips and advice for beginners.

First of all, when starting out, you should have a lot of doubts about those from whom you turn for advice. The real estate industry is full of self-promoters and scam artists. You should be especially wary of scammers who promise you instant riches. They come to town with these so called real estate seminars and use high pressure sales tactics to get you to buy their real estate course. It’s a long-term commitment that requires years of experience and trial and error to succeed.

Another real estate investing tip for beginners would be to go online to amazon.com and take a look at books on real estate. Your books are rated by actual customers who have purchased the books and are rated on a scale of one to five stars. A customer review with four stars or more is probably a good book to buy. For example;

There is a book selling on Amazon right now called – FLIP: How to Find, Fix, and Sell Homes for a Profit, by Rick Villani, Clay Davis, and Gary Keller. This book has received rave reviews (five stars), and these reviews are coming from people who actually bought the book.

Another good book on investing that is a big seller on Amazon right now is Investing in Real Estate by Gary W. Eldred. And if you want to learn the basics of investing, whether it’s in finance or stocks and bonds, I would recommend money expert Jordan E. Goodman.

And finally, the last recommendation I would make for beginning investors would be to try to find a job in the real estate profession. For example, you could get a job at a real estate agent’s office. The advantages of doing this is that you will learn the ins and outs of the industry before investing your own money.

So in conclusion, it all comes down to the one ingredient, the one common element that can make or break you in whatever endeavor you seek in life, and that important component is EDUCATION. Receiving the proper education in your chosen occupation will ultimately be the difference between your ultimate success or ultimate failure as an investor. Good luck!