Basic steps when investing in real estate:

**real2deal** · 03-05-2009, 01:09 AM

1. Find a neighborhood that is stable.

2. Take inventory of the condition of the property.

3. Calculate the time and investment needed to turn the property at a profit and then double it.

4. Negotiate the best price and terms possible with the property owner and your financing source.

5. Once you own a property, immediately put in place your marketing plan to sell the property.

The biggest sticking point most beginning real estate investors face is trying to hit a home run with their first project. Instead of purchasing a property that needs a lot of structural changes, go for one that only needs cosmetic changes (i.e. painting and landscaping) and this will allow you to gain experience before moving on to more difficult projects.

Finally, consider finding a property that you can finance over a 15 year period instead of 30 years. By doing this you will cut your cost of capital down by several thousands of dollars and build equity much quicker. This will allow you to move up into more expensive properties faster with much less risk.

**Business with Greg** · 03-05-2009, 06:05 AM

Good advice. Have you dealt with the Homepath Program yet?

**thomas12** · 03-05-2009, 11:13 PM

As they say, If you know fundamentals and basics of a particular aspect; you automatically tend to collect information that creates an expert out of you! Excellent tips for a real estate investor novice!

**real0** · 10-13-2009, 09:51 PM

I think this steps could help investors but sometime there's a time that you never stop the crisis of business and it affects the their investment. But for sure these insure those problems.

**rehablist12** · 10-14-2009, 10:46 PM

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**janice** · 10-22-2009, 02:03 AM

"2. Take inventory of the condition of the property."

this is really important in this real estate industry well you must be pretty aware of those things in order to keep up with the biz, Thanks for sharing it with others.

**sagareid** · 10-22-2009, 05:19 AM

very useful for newbies investing in real estate

IN real estate one must have to make pretty sure of all of such things

**Moore** · 10-31-2009, 06:10 AM

Everything is very nice indeed, i mean your information. As for me i think that location and the property condition is the most important. Who is going to invest some money in property somewhere in the middle of nowhere.

**Nick Brian** · 10-31-2009, 11:10 AM

Once more I support Moore. Location is most important and it includes good neighborhood. All other factors come after location. For example Santa Cruz Ca is an extarordinary place for real estate.

**Luxury Homes Tampa** · 01-09-2010, 01:02 AM

good ideas and also we show for effective real estate marketing does not have to be expensive, complicated, or sophisticated. Sometimes, plain, simple, direct and to the point makes lasting impressions that result in increased business opportunities and more income.