Jeff Adams: The Do’s and Don’ts of Real Estate Investing

It has happened to all of us. We hear of ‘something new and interesting’ and everyone seems to be doing it. So we jump in too and we try out this new thing. Unfortunately, no one told you the problems associated with this new thing and you get stuck with something you don’t really understand and cannot abandon.

Does this sound familiar? Just put ‘real estate investing’ into ‘something new and interesting’ and you should understand what we are trying to say. Everyone says real estate investing is simple, easy, highly profitable, and so on, but is this really true?

Are there some do’s and don’ts you should follow just in case?


Yes, there are, says Jeff Adams, the #1 real estate trainer.
The real estate market is huge and it has expanded even more in 2014. Investors have entered the market in droves and this has pushed up property prices considerably. However, if you are planning to enter the 2014-2015 real estate market as an investor, there are a few things you should know.

Do’s

  • Do your research. Most investors get lured into buying cheap foreclosed properties in far-flung areas. However, this is not a good idea. Stick to your community and find affordable properties that are within driving distance. These properties will be far easier to maintain.

 

  • Assess costs correctly. Your property will cost you money in the form of maintenance every month. No matter which property you choose, it should generate direct or indirect income. Assess the property for its rental rate, its resale value, its commercial value, etc. before you purchase it. Do your best to ensure a profit every month on the property rather than expenditure.

 

  • Discuss the real estate market with other investors. You can join a class or get in touch with mentors online – or even join one of Jeff Adams Mentoring Groups, so you can have the step-by-step hand-holding guidance you may need. Experienced people will be willing to advice you on your real estate investment career. Paying for that expertise in the form of a class is really worth it. Consider it like taking a class from Steve Jobs on how to build an Apple. Worth it? Definitely.

 


Don’ts

  • Don’t stick to one source to find investment properties. With the internet, it is now possible to find websites, apps, maps, forums and groups that chat about properties for sale. Use all these resources to find the best investment properties for yourself.

 

  • Don’t get emotional about purchases. Yes, there are several dirt-cheap properties on sale but you cannot invest in them all. Assess each home with the eyes of a renter and invest accordingly.

 

  • Don’t use your own money while investing in real estate. Get a loan pre-approved before you step into the real estate market. You should know though that these loans have a higher interest rate and you may have to make bigger cash payments when you purchase the home.

 

Jeff Adams says investing in real estate has never been easier. Yes, the market is different but with a little training and mentoring, almost anyone can step into the real estate market. All it takes is a little education, a little research and a whole lot of savvy.

Tags: ,