Comments on: Real Estate Investing? Be Patient!

By: Dev news

Dev news — Sat, 14 Jun 2008 07:15:09 +0000

Man I dont like the real estate business those all sucks.

By: New York Document Scanning

New York Document Scanning — Tue, 03 Jun 2008 08:10:02 +0000

Now a days the real estate company going to be as a money sucker, so I want to invest in it. It could bring me rich.

By: jaxsonsmith

jaxsonsmith — Mon, 19 May 2008 20:36:22 +0000

I think a lot of people ignore this simple rules that most investors should always follow. Great post.

By: NLP Training & Life Coach

NLP Training & Life Coach — Sun, 18 May 2008 19:33:07 +0000

Excellent post thank you! Some things I hadn’t considered. Also Terry provides some very useful input above.

In all honesty I am not very patient.

By: Diego Campos

Diego Campos — Sun, 18 May 2008 13:58:16 +0000

Good!This is looking cool.Thanks a lot for sharing.

By: Discount Voucher Codes

Discount Voucher Codes — Sun, 18 May 2008 10:37:27 +0000

This is looking cool.Thanks a lot for sharing.

By: Delivery Codes

Delivery Codes — Sun, 18 May 2008 10:36:51 +0000

Those people who are going to invest here can’t wait.Thanks.

By: James Harrow

James Harrow — Sat, 17 May 2008 10:59:30 +0000

A very interesting article. Listing the three keys to investing is a very useful thing, as many people pay attention only to the financial factor and tend to forget or ignore the other two.

By: Eddie Peaslee

Eddie Peaslee — Fri, 16 May 2008 21:19:28 +0000

It is such a great time to get involved in real estate investing if you know what you’re doing. If you’ve got the drive and a mentor of some sort to help you work through the deals than it is my opinion that we may never see a better time to get started. With prices discounted the way they are and the number of foreclosures reaching the levels they are it’s hard not to get involved.

By: Mark McGlothlin

Mark McGlothlin — Fri, 16 May 2008 16:40:24 +0000

Troy – great post. Much of the single family mess in some markets was fueled by impatient speculators, not by patient investors. Real estate investing is not a way to “get rich quick”. Sound principles like you’ve outlined combined with thoughtful attention to market and deal fundamentals will create real estate wealth down the road.

You’re post reminded me of a great quote – “Luck is what happens when preparedness meets opportunity”. Your call to be prepared is right on line.

By: TerryT2

TerryT2 — Fri, 16 May 2008 14:25:03 +0000

I agree wholeheartedly with your advice and would add the following:

1. Talk to your accountant and get your company set up whether it be an LLC, S corp or whatever.

2. Establish your minimum financial hurdle rates. Then set up your financial models so that you can make a decision quickly. You have to be ready to pull the trigger fast. Good deals are rarely around longer than a week.

3. Establish your property criteria. Looking for minimal investment of time with credit-worthy tenants? Looking for a fixer-upper or “value add” deal? Whatever your criteria, establish it and then stick to it. You won’t waste yours or anyone else’s time looking at deals just because they sound like a bargain.

Essentially, determine everything you need in place to establish a business and actually purchase a piece of property. Then narrow the types of properties you are willing to review and establish your minimum financial hurdles. Don’t waste people’s time. It is a big investment. Take it serious and get to the point where you can quickly pull the trigger on a deal that meets your criteria.

By: Nadine

Nadine — Fri, 16 May 2008 06:32:37 +0000

Very nice article. I really impressed with the 3 investing keys. Mostly we talk investing only by seeing the external factor. But these keys made different review.