Real Estate Investing Basics

Start Investing in Real Estate In 2013

Expertise: Landlording & Rental Properties, Real Estate Investing Basics, Flipping Houses, Business Management, Personal Development, Mortgages & Creative Financing, Real Estate News & Commentary
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Real Estate 2013

I can’t believe a month of 2013 is almost gone.  It is amazing how fast time flies.  I know many of you might have made a new year’s resolution to get into real estate investing. Well, have you bought any real estate in 2013 yet?  Made any offers?   What are you waiting for?  Now is the time to get in for several reasons.

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  • Real estate is on-sale and it appears that it will be for a little while longer but even now, prices are starting to tick up in some markets.  We may have finally hit bottom.
  • Other people’s money is extremely cheap right now.  I can’t believe how low interest rates are right now.  Take advantage now and lock those rates in for as long as you can.  They will not last forever.
  • There are still a lot of potential deals out there and more to come.  Yes, I have heard about hedge funds and such grabbing all of the good deals.  But I still see plenty in my market and others as well.

So, as a good friend of mine says, “Don’t wait to buy real estate, buy real estate and wait!”  Here are some tips if you want to begin real estate investing now.

  • Educate yourself on what a good deal is.  Real estate is just numbers.  Learn how those numbers work.  There is plenty on this site alone to help you.
  • Pick a specific area and focus on it.  It could be where you live, or where your work.  A focus on a specific area will help you spot a deal.
  • Make offers!  No one is going to hand you the deal.  Make an offer!  Then make another one.

We are witnessing a perfect storm for real estate investors right now.  Indications are that these conditions may not last much longer.  So find a deal today.  In a few years you will look back and think “Why did I not buy more?”

Kevin Perk is co-founder of Kevron Properties, LLC with his wife Terron and has been involved in real estate investing for 10 years. Kevin invests in ...
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    Replied almost 8 years ago
    Kevin, you hit it on this Short and sweet. Take action. If you don’t then surprise surprise, nothing happens! People are so fearful of taking that first step to avoid failure. But in truth, the only someone can truly fail is never trying at all. Well done. Mike
    Kevin Perk
    Replied almost 8 years ago
    Thanks Mike!
    Replied almost 8 years ago
    All you have to do is look at history. Buy and hold is the way to BUILD wealth. WE all go to the store when items are on sale. Guess what? Real Estate is on SALE NOW!! Go to the store and buy like you would on a item that is going to be discontinued. Buy several. Quick case in point. My grandmother bought her home for $6,000.00 40 years later she sold her home for over $250,000.00. Now she has no education at all. She knew that buy and hold will make more than a quick flip. Right now you can get double digit returns on your money for holding and renting. The Bank will pay you 1%. Screw the banks ,that what they said to the American people for years.
    Kevin Perk
    Replied almost 8 years ago
    Slow and steady will win the race! But those chunks of cash from a sale every once in a while are nice too! Thanks for reading and commenting, Kevin
    Replied almost 8 years ago
    The prognosis for real estate investments is looking much better, though it’s anything but simple. Some commercial real estate has rebounded, with investors craving income that real estate provides, while residential real estate investing — particularly single-family homes — may be at once-in-a-lifetime bargain prices. Every diversified investor should have some exposure to commercial real estate, and REITs [real estate investment trusts] provide a terrific, transparent and liquid way to get that exposure. No matter what your strategy is always be careful and have a good local agent to help you navigate through the maze of options out there for investing in real estate.