Investment in real estate – 5 proven tips to make money in real estate

Posted on April 25, 2009 by IC N in Residential

Investment in real estate – 5 proven tips to make money in real estate

Author: Ashish
Investment in real estate is perhaps the one of the most important financial decisions that you will make in your life. With the land available in our world being finite and the population increasing by the day, real estate investment does assure you of returns over the long run. All said and done though this type of investment is also a risky venture. It need not be so if you were to follow the 5 simple and yet highly effective tips listed below.

Tip#1: Before you go ahead with your investment in real estate, you should try and get in touch with an experienced agent. They are valuable sources of real estate investment advice.

Tip#2: You should drive around and find out about the various properties that are up for sale. Similarly, when you are selling real estate, you should make it a point to go around the area and find out what else is up for grabs in the same locality.

Tip#3: You should plan well in advance before investing in real estate. Detailed planning, right from what is the type of property that you are looking at to your choice of location should be ready with you. Remember, investment in real estate is all about meticulous planning.

Tip#4: Investment in real estate is all about being street smart. You should try and look for ‘special’ opportunities, where others see none. For example, if you find a space that comes with a full space, you can always turn it into an office or a bedroom.

Tip#5: Investment in real estate is also a lot about finding motivated sellers. Now the question arises as to how do you know that someone is a motivated seller in the first place? Whenever going through newspaper classifieds carefully go through the wordings of the advertisements. ‘Will take a look at all the offers’ and ‘must sell’ are good indicators that the advertisement has been placed by a motivated seller.

If you are someone who wants to know more in detail about investment in real estate, you can easily find it over the internet. Take a look at Real Estate Power Investor Blog, where you can find several useful tips to become a successful property investor.