Although investing in real estate is a pretty hard art to master, a coach can really be of help. A real estate investment coach is someone who has had many years in the market and has already made much money buying and selling property. Coaches like these are the perfect people to approach to learn the subtle art.
First of all, coaches like these will teach students how to source out great buys. Although there are a lot of properties up for buying wherever one would go, not all of them are value investing. This is why one has to learn the art of valuation before he buys a piece of property.
The second thing that he will have to learn is how to haggle the price to get the best buy. This is also known as the art of buying and is a very special skill that one must learn in order to make some money. A good mentor has all the negotiating skills and techniques that he will be teaching his student when his student will go facing the seller.
Of course, when one lands a good bargain and buys a good piece of property, he has to sell it or flip it in order to make money. There are two ways of flipping property which are flipping without fixing it up and flipping with fixing it up. One will have to learn both of these methods in order to know how to make some good money.
The first method is the one where he does not fix it up and just sell it as it us. If he would do this, then his buyers will most likely be those who have the same purpose as he does which is to make money out of the property. He will most likely sell it off those who want to develop the property and make money.
If one decides that he wants to flip with fixing the property up, then he might want to either target follow brokers or those who want to have a home. Now, if one decides to fix up the place, then he must have kind of a knack for design. He also must have some spare cash that will allow him to invest in fixing up to place to enable him to sell higher.
Finally, mentors will also teach students how to lease the property. This is more for the fix up flippers as the fixed up properties are more attractive to those who want to become long term tenants. Another way that one may go about is to fix up the place and turn it into a Bed N Breakfast, which is one of the in things today.
So if one is interested in entering this field of investing, then he has to make sure that he has a good coach that can help him learn the ropes. There are a lot of good coaches out there who want to impart their knowledge to students. If one gets a good mentor, then he can definitely make a lot of money.
First of all, coaches like these will teach students how to source out great buys. Although there are a lot of properties up for buying wherever one would go, not all of them are value investing. This is why one has to learn the art of valuation before he buys a piece of property.
The second thing that he will have to learn is how to haggle the price to get the best buy. This is also known as the art of buying and is a very special skill that one must learn in order to make some money. A good mentor has all the negotiating skills and techniques that he will be teaching his student when his student will go facing the seller.
Of course, when one lands a good bargain and buys a good piece of property, he has to sell it or flip it in order to make money. There are two ways of flipping property which are flipping without fixing it up and flipping with fixing it up. One will have to learn both of these methods in order to know how to make some good money.
The first method is the one where he does not fix it up and just sell it as it us. If he would do this, then his buyers will most likely be those who have the same purpose as he does which is to make money out of the property. He will most likely sell it off those who want to develop the property and make money.
If one decides that he wants to flip with fixing the property up, then he might want to either target follow brokers or those who want to have a home. Now, if one decides to fix up the place, then he must have kind of a knack for design. He also must have some spare cash that will allow him to invest in fixing up to place to enable him to sell higher.
Finally, mentors will also teach students how to lease the property. This is more for the fix up flippers as the fixed up properties are more attractive to those who want to become long term tenants. Another way that one may go about is to fix up the place and turn it into a Bed N Breakfast, which is one of the in things today.
So if one is interested in entering this field of investing, then he has to make sure that he has a good coach that can help him learn the ropes. There are a lot of good coaches out there who want to impart their knowledge to students. If one gets a good mentor, then he can definitely make a lot of money.
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