Real Estate Auctions Online: A Great Way To Earn And Save Money!

 

After interviewing the top real estate investors in America for 2 years, I discovered a consistent theme about what it takes to automate a real estate business. This list contains the top 5 steps to automate Homes For Sale In Sedona your real estate investing.

1. Establish a working relationship with a Realtor who specializes in helping investors in real estate.

There are many qualified realtors in every city. Finding a real estate investor-focused Realtor is key. Ask other investors in your area for recommendations. Ask them for a referral if they don't have a Realtor. Do your research. Learn what percentage of their business comes from helping investors locate properties.

2. Find a few good mortgage brokers who can finance non-owner occupied properties.

Do not make the mistake of thinking that financing your home is the same thing as financing investment properties. Look for mortgage brokers that can close non-traditional transactions. Do not believe anyone's word about closing your deal. Ask them upfront.

3. Find the best property manager you can afford.

A great property manager will keep your units rented and the cash coming in, and can also manage repairs and tenant issues. Poorly equipped property managers can make real estate investing a difficult business. Ask them specific questions about their tenant management and the services they offer. Ask for recommendations from other homeowners who live in the same neighborhood as yours.

4. Identify a good real estate attorney.

You want someone who will make you money, not waste your time. You should not choose an attorney based on how well he/she handled your will. An attorney who specializes in real-estate law is essential. Ask for referrals and a free consultation. Find out how much of their business is focused on real estate law. Find out their comfort level. Find out their opinions on buying foreclosures from the courthouse steps.

5. You owe Uncle Sam nothing, but you must pay Uncle Sam.

Find a competent accountant. Like your attorney, make sure that they are experts in real estate investing. Although they are more difficult to find, you can still find them. You will be happy to know that federal IRS laws apply to all states. Look for an accountant who can help you as an individual investor. Don't assume that your accountant can only help real estate developers, builders of a mid-sized size, and other similar investors. How much of their business is generated by people like you?