Real estate is among the most bustling industries in the world. In fact, did you know that the industry in question is worth roughly $32 trillion? To say that this is staggering would be an understatement, so it should come as no surprise that many people may be interested in investing. For those that are looking to take part in this particular endeavor, here are some of the do's and don'ts that the likes of Robert Jain can share.
One of the ways to smartly invest in real estate, according to such names in finance as Bob Jain, is by reading up on the industry in question. After all, if you're going to become heavily involved, you should have a solid mindset. You can develop said mindset by reading articles online, but formal education is more invaluable. Even if you can't commit to full-time education, seminars can provide you with invaluable knowledge.
"Location, location, location" is a saying that should be kept in mind when investing in real estate, too. When it comes to smart investments, you should look into a property's location, as there are many factors that can influence its value. If you're planning on purchasing a single-family home, for example, how close is it to a public school? Is public transportation nearby? Is the area itself known for being safe and quiet? Such factors are just a few for aspiring investors to account for.
When it comes to the don'ts of real estate investments, keeping to oneself is one of the biggest. Like with other industries, networking is one of the best ways to make progress in real estate. Speak to other investors and thought leaders, discussing ideas and learning from them. The knowledge that they can provide will not only help you make better investments, but you can pass it onto others, which will strengthen your network in the long term.
As a real estate investor, it's in your best interest to connect with realtors, as they can be helpful in providing useful information regarding properties. However, you shouldn't do business with just anyone, as you should focus on those that are most reputable. Which realtors have been well-received online? Have they been working for a long time? These are just a few questions to ask before doing business with these individuals, as it can make a difference with future investments you make.
One of the ways to smartly invest in real estate, according to such names in finance as Bob Jain, is by reading up on the industry in question. After all, if you're going to become heavily involved, you should have a solid mindset. You can develop said mindset by reading articles online, but formal education is more invaluable. Even if you can't commit to full-time education, seminars can provide you with invaluable knowledge.
"Location, location, location" is a saying that should be kept in mind when investing in real estate, too. When it comes to smart investments, you should look into a property's location, as there are many factors that can influence its value. If you're planning on purchasing a single-family home, for example, how close is it to a public school? Is public transportation nearby? Is the area itself known for being safe and quiet? Such factors are just a few for aspiring investors to account for.
When it comes to the don'ts of real estate investments, keeping to oneself is one of the biggest. Like with other industries, networking is one of the best ways to make progress in real estate. Speak to other investors and thought leaders, discussing ideas and learning from them. The knowledge that they can provide will not only help you make better investments, but you can pass it onto others, which will strengthen your network in the long term.
As a real estate investor, it's in your best interest to connect with realtors, as they can be helpful in providing useful information regarding properties. However, you shouldn't do business with just anyone, as you should focus on those that are most reputable. Which realtors have been well-received online? Have they been working for a long time? These are just a few questions to ask before doing business with these individuals, as it can make a difference with future investments you make.
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For more details about investments and finance in general, kindly consult Bobby Jain.. Unique version for reprint here: Robert Jain: The Do's And Don'ts Of Investing In Real Estate.
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