The Very First Thing You Have to Do When Getting Into Real Estate

Real estate investment can be different from any other kind of investment because of the necessity that comes with it to form a network around yourself in order to invest right. You can invest in stocks without ever having to speak to another person if you choose, but if you attempt to approach real estate in this fashion, you're likely to be sadly surprised. Networking is key. Public listings are great when searching to buy a property, but you're likely not to find the best deals in this way. Realtors can help a tremendous amount in this, but so can other investors, wholesalers etc etc. By the end of your experience, you should have a network made of not only these but also lenders, inspectors, and a choice of a good title company or insurance agency.
Building that network can be difficult if you've never tried before. The support network is the best place to start, which gives you access to people that have been in the business longer and can offer advice and help along the way. This will be a fair sized group and not strictly limited to other Realtors or real estate agents. Some great ways to start building these networks will be online through communities such as Bigger Pockets as well as chain networking and real estate clubs.

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POSTED November 21 2013 11:34 AM

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