Why Do We Need To Hire Real Estate Property Advisors Before Buying Properties?

Hiring real estate property advisors before buying properties is an absolute must because these advisors usually know about a wide array of opportunistic and value-added properties plus their knowledge regarding investments in real estate and assets is really helpful in making decisions regarding property investment.But before you hire any real estate property advisor, make sure that you check his/her credentials. He or she must have hands-on real estate and capital market experience. Apart from that, it is of paramount importance that real estate property advisor has dealt with investment of real estate funds.In an ideal scenario, overall investment strategy of your real estate property advisor would be based on exploiting the linkage between the high demand and liquidity for stabilized, core real estate assets. In case of low demand, real estate property advisor should have strong real estate skills.An ideal real estate property advisor is the one who prepares solid plan of action so that investments can be made at an attractive cost basis. In addition, real estate property advisor increases the investment value with help of intensive operational and financial management.The main objective of a real estate property advisor is to assist the
property buyer in understanding real estate thoroughly, with help of insider’s knowledge. Furthermore, real estate property advisor will play a prominent part in letting you buy your first home or rental get a brilliant loan deal.
It has been noticed that real estate property advisors also play a crucial role in finding a top-notch real estate agent. It’s the job of real estate property advisor to give you all the information regarding agents, lenders, appraisals, and rental properties.The best real estate property advisor is the one who explains all the methods and procedures associated with real estate in simplified manner to the
real estate investor. Dealing with the right kind of people is quite mandatory when buying properties. In other words, referral is the keyword in the real estate market. Taking this into account, real estate property advisors offer you the names of mortgage brokers, agents and inspectors.Thus, the role of real estate property advisors is a very crucial one as they can help an investor make a decision about a piece of property worth hundreds and thousands of money.

What Do the Top Real Estate Professionals Say About the Path to Success in Real Estate Investing?

There are some very concrete steps the dedicated investor can take to put them on the road to success in property investing. This is not brain surgery; in fact, it’s not very difficult at all. If you’re prepared to dedicate yourself to following a few simple guidelines, you could find yourself on track to making your real estate investment dreams come true.Let’s take a look at some of the key points the pros consider essential to success in the field of real estate investing:-Execution-Support Systems-MarketingFundingIt’s All About ExecutionThe fact is, nothing happens until you decide to execute. You know what you need to do, now you just have to get off your butt and do it. Like most other endeavors in life, procrastination is a success killer. You can do all the homework, read all the best-selling real estate investment books, attend all the seminars, and listen to all the experts, but if you don’t get out in the real world and execute what you’ve learned, you will get nowhere fast.Support SystemsMany real estate pros say that a smart use of time and money is to establish a support system. This can be an informal relationship with a mentor – someone you know who has been successful in real estate – or establishing a formal relationship, for a fee, with an acknowledged real estate pro who teaches students the ins and outs of real estate investing.Your support system, whether an informal one with an acquaintance, or a paid relationship with a successful real estate pro, will go a long way towards helping you overcome the common and not so common issues all real estate investors encounter as they go about making their living.Typical real estate investment support systems:Informal MentoringIn this type of support relationship, you are using the advice and guidance of an individual who has demonstrated success in the area of real estate investing. Typically this person is an acquaintance, usually a friend or relative. Make sure they have what it takes to teach you what you need to know. Otherwise you’re both wasting your time.Professional MentoringA top real estate professional can provide invaluable help, not only to the beginner, but also to folks who’ve been at it for a while but would like to enjoy a little more success, or simply want to dust off and improve existing techniques. Some of the things you can expect in this paid relationship should include the following:Live coaching – This is a tremendous help and can take a couple of different forms:One-on-one – Talking one-on-one to your coach during a regularly scheduled phone callGroup – Interacting with your coach in a group environment via a format like Google Groups, or individually via live chat.Financial advice – Your paid real estate coach should be able to provide you with financial advice. This would include details on working with the following:-Private lenders-Banks-Other sourcesMarketingPostcard Marketing – This is a great way to market your real estate investment business. You can unleash an aggressive postcard campaign targeted to the following recipients:Private lenders – these are the folks with whom you have already spoken and now you want to move the ball down the road.Motivated sellers – the people who have hot properties.Real estate agents – Realtors are a great source of help and information.Finding deals off market – Using direct mail, scripts, dialogs, postcards and other methods optimizing efforts to find off market deals.Marketing to general population of private lenders – this would be a dedicated campaign to contact potential private lenders and investors.Marketing to select private lenders – Targeted to private lenders who are pre-disposed and ready to do business with you. If you’re raising money for yourself, you want private lenders who are pre-disposed and ready to lend to you.FundingFunding for your deals is one of the most critical elements in all of property investing. Whether you have already established relationships with a range of funding sources like private lenders, banks, credit unions, and other sources of funds, or you’re trying to establish those relationships, it’s important to learn more about this important task.Private Lenders – These are the individuals with whom you should be trying to establish a business relationship. They make a wonderful resource for borrowing money to buy investment properties. Be sure to familiarize yourself with the laws applicable to marketing to private lenders before you begin.One of the advantages of many private lenders is they are asset-based, rather than credit-based lenders. This means that as long as your deal is solid, your credit score is not as important as it might be with credit-based lenders like banks.Institutional Lenders – Banks, credit unions and other institutional lenders are credit-based lenders, meaning they are much more concerned about your credit history than the typical private lender. In order to borrow money from them you must demonstrate an excellent credit history and a solid track record of paying your bills.It can be much more difficult to get funding from an institutional lender because of their rigid, credit-based lending policies. Many property professionals try to avoid this route and focus on establishing and maintaining relationships with private lenders.

The Three “Rs” of Real Estate Investing

Expert real estate investors, Rick McKinnon and Leslie Quinsay, have a property portfolio that proves anyone can still make a fortune by investing in real estate. McKinnon’s and Quinsay’s new book, R3: Real People with Real Strategies for Real-Estate Investing: Developing the Mindset for Success, explains their strategy in words that even a layman can understand and shows you how their proprietary strategies can work even in today’s unstable economy.The three “Rs” of real estate investing include Real people (with the right attitudes), Real strategies (for investing in this or any other real estate market) and the basics of smart investing (how to make the actual decisions that will build your wealth). Rick’s and Leslie’s book is a fascinating read – peppered with personal tidbits and incredible insights that will change your thinking about purchasing real estate to ensure your financial success.Rick and Leslie are friends, business partners and co-authors who inspire each other to succeed. Together, they’ve written R3: Real People with Real Strategies for Real-Estate Investing in an effort to help others achieve what they know is possible from their own successes. Rick is president of Real Estate Investment Solutions, a consulting firm that focuses on helping others identify real-estate investment opportunities. Leslie is president of Meridian Commercial Investments Inc. and her expertise is the acquisition, management and development of real estate and turning them into excellent investments.Together, McKinnon and Quinsay have written a unique and informative “how-to” book that can teach anyone the strategies for developing a winning mindset necessary for successful real estate investing. Unlike most how-to books, R3: Real People with Real Strategies for Real-Estate Investing doesn’t read like a text book. Rather, it’s a book that not only focuses on the successes to be had – but also mistakes that can happen and how you can learn from them.When it comes to any type of investing, the more knowledge you have access to – the better chance you’ll have for success. In Quinsay’s and McKinnon’s book you’ll learn the advantages of “property passion,” building a mindset that will bring you success, how to build your portfolio and where the best investment bargains can be found.Rick and Leslie also include chapters in R3: Real People with Real Strategies for Real-Estate Investing about how to evaluate property and what to look for in financing and joint ventures. Property and tenant management are important aspects of real estate investing and McKinnon and Quinsay give you a clear cut plan for success in those areas.You’ll also learn how to build a team of success-oriented people to help you achieve your dreams of financial triumphs. And R3: Real People with Real Strategies for Real-Estate Investing: Developing the Mindset for Success doesn’t leave you there. Rick McKinnon and Leslie Quinsay provide clear cut directives in their book that will put you on the path of growing wealth beyond your dreams.