The Formulas of Real Estate Investing
Are you tired of paying too much for homes with conventional financing? Would you like a simple formula? How about a formula that 95% of real estate investors do not know, understand or use? A formula that will guide you to your own real estate riches? Most real estate investors fail in business for a simple reason. Overcoming this common reason can easily turn a starving investor into a financial success. T
The difference is in understanding and learning:
The 4 F's of Real Estate Investing
1) Find them
2) Fund them
3) Fix them
4) Flip them (or keep them)
Now the test: your answer to one simple question will tell me a lot about your current real estate investing knowledge.
Question: "Which F is the most difficult?"
1) The Common Answer: Beginners believe funding properties is the hardest part of the process.
Beginners struggle to understand the money they want is readily available from others. When you find a great deal, there are people who will make loans secured by real estate. They agree that with your payments they get a set amount of profit, but if you don't make the payments they take property and make an even larger profit.
2) The Correct Answer: Experienced investors focus their efforts on finding deals.
Why? Because if you do not have the right deal then there is nothing to fund, fix, or flip. Spend your time on "Finding." The Magic Formula First, focus 90% of your effort to finding deals. Then invest 10% of your effort in funding, fixing or flipping after the deal(s). Ask yourself, "Have you been putting in 90% of your efforts on finding deals?" If the answer is "No," CHANGE IT.