How Do People Become Successful at Real Estate?

Question

I want to learn how to do this and be good at it cuz nowadays everybody thinks that a record deal is gonna help them out

Answer 1

I see this question too often: "How to I become successful at 'XYZ?'" The answer lies in returning to open truth and honesty, and in learning.

Really, what you're asking, is "How do I become successful?" or "How do I get rich?" People expect someone else to supply them with "the answer." Worse, they actually think "the answer" exists.

The No. 1 reason more people aren't rich is because they're lazy. This is purely my opinion and no one else's, and I have no scientific proof to back it up.

One of the most important Samurai texts ever written, by Miyamoto Musashi, “The Book of the Five Rings (1643)”, offers this advice: “Think of what is right and true. Learn to see everything accurately. Become aware of what is not obvious. Be careful even in small matters. Do not do anything useless.”

We learn by making mistakes -- except in school, where we're punished for making mistakes. This may be why most schoolteachers aren't rich.

But still, nothing substitutes for research and education and hard work.

Your persistence and determination to succeed is, in the final analysis, the critical element.

There can be no great success in life without great commitment, hard work, discipline, and the realization of the “right” type of thinking.

Read vociferously, learn, become useful and skilled at something you enjoy.

Answer 2

They are successful because of hard work. Sure, every now and then someone gets lucky on a real estate deal. But for those who do it for a living, it's far from luck; it's called doing your homework, knowing your market, keeping aware of real estate trends, knowing about financing, and keeping current on the latest news and laws that effect real estate. Start at your library... read all you can... there's plenty available. Do your homework before you invest one dime for any piece of property. Perhaps you'll specialize in foreclosures or distressed properties that need a facelift. Traditionally, you'll do the best with single family homes in middle class neighborhoods that need a little fixing up.

Answer 3

Real state bubble is deflating. Just look around for better investment sopportunities. The precious metals market is one of them. Very bullish and prices are rising rapidly by increased demand from China, India and other emerging markets. This site contains useful information and additional links for beginners.

http://preciousmetalsinvesting.blogspot.com/

Answer 4

Hi, i know what your question is.

i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.

I am sure that your Investing will benefit greatly from this website.

http://investing.sitesled.com/

Good Luck and Best Wishes!

Answer 5

Go look for material by Ron Legrand. He goes through everything in excruciating detail. Unfortunately, he looks like another peddler of snake oil among many snake oil salesmen. I don't think you'll regret it though.

Answer 6

buy undervalued properties, rehab and sell. but interest rates are rising, so it is no longer a gold mine, like it used to be. think twice.

Answer 7

start with creonline.com - thousands of like-minded people will answer your question