“Fall”ing Into Real Estate Investment

Real Estate Investing is a broad phrase that covers everything from short sales, to tax liens to wholesaling to rehab flips as well as commercial real estate. If you are a beginner, where do you start?

As a beginner, there are 3 Main things to consider when you are starting to invest.

1. Invest From a Position of Strength.  With cash you can negotiate better deals that provide more profit.  If you don’t have your own cash, then seeking private lenders to bring on your team will make your investment much stronger.

2.  Have Goals; Invest in Properties That Provide Multiple Exit Strategies. With multiple exit strategies available, you have less of a chance of getting stuck with a home you can’t move. Always plan for the long term. Have an end goal in mind to help stregthen your investment strategy plan.

3. Know Your Market! Conduct your market research before investing in real estate to know if your market is a good market to invest in.

• Who are the major employers in the area and are they stable?
• What is the population growth trend?
• What are the expected limitations?
• What are the local rents and how are they trending?
• What are the average and median home prices in the area?
• What economic anchors does the area have?

These are three principles you can follow to ensure that if you are starting out investing this autumn you will have a stronger sense of what you are getting into and how to effectively navigate this career.  If you need any other tips for starting your investment strategy contact us anytime at http://www.reiaofoakland.com.

Why Should I Join REIA of Oakland

REIA of Oakland is a non-profit organization serving real estate investors in Wayne, Oakland, and Macomb Counties since 1981. Click here to join REIA or renew your existing membership. If you are currently a member and need to update your information, please click here. Why should you join REIA?   FREE ADMISSION – REIA of Oakland members enjoy free admission to our monthly seminars.  Over the course of a year, that’s a $240.00 value! Professional Support – A REIA membership will make you part of a shared information network and provide you with volunteers in several fields that you may call. Among these many helpful members we have landlords, attorneys, lenders, and real estate professionals who are available to answer your brief questions. Networking – REIA offers the perfect environment and opportunities for you to meet other real estate investors in Oakland County.  Share your experiences and learn from others who understand your problems. Education – Your REIA membership will offer countless opportunities to learn more about real estate investing.  We offer monthly seminars covering topics such as finding properties, accounting/tax issues, real estate law, repairs, financing, purchasing, and sales.  Stay Connected – Members also receive our monthly newsletter, dedicated to bringing you the news you need to know as a landlard or real estate investor.  Learn about local and national issues that concern you.  Resources – Members of REIA may obtain brief legal counsel and CPA services over the phone and free of charge from experts in landlord/tenant matters.  Plus, members have access to BOCA rulings and specifications.  REIA works for you – We are continually on the alert for the latest issues affecting landlords.  Our lobbyist in Lansing keeps us abreast of state issues affecting our membership, allowing us to work with the proper state and federal public officials on your behalf.  REIA takes a positive approach to improving laws regarding zoning, building codes, housing standards, and more. Discounts – Members of REIA receive discounts from local and national suppliers, such as Home Depot, Sherwin-Williams, Nationwide Insurance, and Avis Car Rental, just to name a few.

Besides being a great place to meet and interact with other like minded Real Estate Investors, REIA of Oakland membership offers the following benefits!