Published on May 20, 2016
1. SHERMAN BRIDGE LENDING 5 Vital Things You Need to Succeed at REI
2. INCREASE YOUR CHANCE AT SUCCESS WITH THESE FIVE TIPS • When it comes to taking the leap to invest in real estate, you want to make sure you do your research, and have an arsenal of helpful tips at your disposal. The world of real estate investment is a complicated one, but you can rest assured that your hard work will pay off. • To become successful in Real Estate Investing takes action. But what is the best advice that can get you there? • Here are 10 tips and vital steps you need to take in order to succeed in Real Estate Investing.
3. #1) EDUCATE YOURSELF • One of the best ways to amplify your chance for success and prosperity, life is to read books written by other investors who have already been there, done that. • Real estate is local. Real estate professionals MUST be experts on their local market and must study the neighborhoods in which they work and stay up-to-date on current events, trends and statistics in their local market.
4. #2) CREATE A NETWORK OF LIKE-MINDED INDIVIDUALS, AND FIND A MENTOR • There are many people just like you who are investors, and want the same things you do. Find them on Meetups and Craigslist groups, or other means to meet people who are like- minded. • If you find a mentor, keep in mind that your mentor started at the beginning as well. He/she didn’t know everything they do now. They learned from others, they read books, they researched, they took training and then they put into action what they learned.
5. #3) LEARN THE LINGO It can be extremely helpful to learn to speak the language of the banker, the hard-money lender, the tax guy, the attorney, the CFO, the property manager and so on.
6. #4) GATHER LOTS OF LEADS • It should be a no-brainer to put yourself out there in order to promote your business. Try leaving fliers and business cards in public places, or even run your own ad on YouTube. • When people start calling in response to your lead generators, get their info, have good conversations, ask good questions and listen really well. This way, you can solve their problems, promote confidentiality, and keep their information in an organized manner.
7. #5) ASK GOOD QUESTIONS, AND LEARN TO LISTEN • All deals start and end with simple conversations. You have to develop your social and conversation skills to succeed in Real Estate Investing. • To have the best conversations, you are going to have to become the best listener you can be. Remember personal details about your client. It will make them feel valuable, and will therefore earn you their business over and over.
8. #5) BE HONEST • Although it would be easy to take advantage of some clients’ situations, just stop and think: would you want to be treated in this way? • Most successful real estate investors maintain high ethical standards. Since real estate investing involves people, an investor's reputation is important. Effective real estate investors know it is better to be fair, rather than seeing what they can get away with.
9. THINK YOU’RE READY TO GET STARTED? Sherman Bridge has worked hard to bring you all the tools and resources to make sure that these tips, and more will help you succeed in your investment journey. Ready to take the first step toward your success? Sherman Bridge is ready for YOU!
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