Do’s and Don’ts in Real Estate Investing
Are you ready to take the first step in real estate investing? I share some do’s and dont’s to help prepare you for future investments.
Are you ready to take the first step in real estate investing? I share some do’s and dont’s to help prepare you for future investments.
Are you interested in investing but have no idea where to start? Starting off can be overwhelming and confusing, especially with all the opportunity around us. I believe in leveraging other’s knowledge so that you can be best set up for success. In this blog, I lay out 5 questions that you can ask before investing.
Have you ever felt like you are stuck in a rut? Maybe you aren’t sure if you have the wrong tools or the wrong market, but you are not seeing the results you had hoped for. In my 20+ years in the real estate field, I have learned that there are 4 things that can majorly affect how I challenge my limits and impact my results.
Pop culture has made flipping houses seem very appealing, and a great way to make money fast. Because of this, the market is super tight. When everybody is looking to make a deal, how do you find opportunities that can actually make you money in such a competitive market?
Given the current market, investing can seem daunting to most.
However, navigating a distressed market doesn’t have to be an impossible task. Believe it or not, you have access to all of the tools you need to better equip yourself for working in the current market.
Entrepreneurs are consistently told to learn by trial and error. We are expected to figure it out on our own and hope for a lucky break along the way. However, in my 20 years of experience, I’ve learned that there are ways to turn decades of experience into days.
Patience and preparation could be what gets you the deal of a lifetime.
The more you know about a property’s contracts, conditions, and comparables, the faster you can act when the time comes. The quicker you act, the less likely it is that you will be competing against several buyers, which can drive the price up substantially. This is exactly why I’m always researching and tracking the properties on the market.
How do we navigate real estate investing through market distress and bailouts?
If you assumed there would be lots of opportunities to invest in distressed real estate after the pandemic, you were not alone.
What we’re experiencing post-pandemic with market distress and bailouts has just never happened before. We’re still dealing with the ripple effects in new and surprising ways.
Are you itching for some post-pandemic real estate investing? The pandemic created significant economic distress overall, nationwide and globally. Coming to the rescue, the federal government decided to print somewhere in excess of $20 trillion. This $20 trillion papered over some of this distress but somehow kept the music playing. They were anticipating that there was going to be a lot more distress, but then it just kind of didn’t happen. This national debt will play a huge part in what to expect in future real estate investing.
How can YOU invest in top markets? Learn 3 tips for investing the 2021’s top markets!
Jake Harris is the founder and managing partner of a private equity real estate firm that has managed, developed, and acquired more than $200 million in assets under management in the last five years alone.
