What fantastic Live Training Sessions we had last week with Real Estate Investar!
The amount of information covered, I think all would agree, was absolutely amazing…
The technology, the buying strategies and the market analyses tools are just what you need to move your portfolio to the next level…
And the best part of it was that the training works equally well with the beginning real estate investor or those of you with a full portfolio of properties.
Like all live sessions, there was the give and take amongst everybody…
As Real Estate Investar demonstrated their powerful, online cutting-edge strategies and technologies.
How to avoid real estate investor pitfalls
But that wasn’t the only excellent part of the Live Training Session…
Some major pitfalls that plague many real estate investors, novice as well as highly experienced were discussed…
In fact, I would say that most investors allow those pitfalls to take their investing careers off track, bringing their progress to a dead stop when it needn’t be.
These real estate investor pitfalls will sound familiar to many of you, because I’ve talked about them many times before…
One of the biggest ones, of course, your own adversity to risk.
Poor risk management…
The point isn’t to ignore risk or think it has no bearing on your decisions…
Or worse, allow it to stop you from taking action.
We all know where taking no action takes you…NOWHERE!
But rather, the point of it is to understand the risks, what they involve and how to take the right steps to avoid the risk and still make the deal happen!
Too often you’re not using the tools available to you, to minimize risk and maximize your opportunities for success…
This leads to frustration and failure.
Paying too much
Another one of the main mistakes investors make is paying too much for a property…
It’s easy to forget that the majority of your profits are determined by the purchase price…
That’s where profit lives!
Real estate investing isn’t just about “buying properties”…
Anybody can buy a property…
Real estate investing is about buying them at the right price.
That’s why Real Estate Investar’s techniques are so important to your success…
You learn how to search and analyse high volumes of discounted properties in a matter of just a few seconds…
The proper price analysis of a property is what let’s you know exactly what price you offer…
Or if the current asking price is already heavily discounted.
Remember, price analysis, and by extension, the purchase price must be at a discount for you to make the majority of your profit…
It also helps you to resist the high-pressure sales tactics that you’ll encounter…
But finding the right discounted property among the hundreds or even thousands on the market in your area isn’t enough, is it?
You’ve got to find them before other investors beat you to them!
Leveraging technology to get the deal
That’s why properly leveraging technology is such an advantage…
It does the work for you faster and more accurately than you ever could…
So you don’t miss out on those opportunities.
Part of the price analysis is assessing the market trends in the area…
And accurately identifying the equity gap between the purchase price and the market value.
You wouldn’t believe how many properties on the market are way underpriced due to cosmetic reasons or even light structural issues that are easily and inexpensively repaired…
Those are the properties you want!
Some of them have been priced below their market valuation by $100,000 or even more…
Those are the chunk deals that will get you well down the track in a hurry.
It’s the same situation with cash cows…
Tenants will often leave a rental property in a sorry state, and the owners just get tired of dealing with it or don’t have the resources to make the repairs…
So they’re pricing the property based upon their own sense of what it’s worth in its current state…
That’s when you come in and make an offer and pick up the property well below market value…
You fix up the property and start seeing cash flow yields of 10% to 16%.
Those are the kinds of deals that differentiate a successful real estate investor from a frustrated one…
Getting your portfolio ratios in order
You want and need deals that not only bring you instant equity and instant positive cash flow…
But you also want deals that will complement your existing portfolio…
So that your cash flow and equity ratios are in balance.
Real Estate Investar’s technology will do just that, which is a key factor in growing your portfolio…
Because having the proper portfolio balance and ratios can make all the difference on your next deal and the next one after that…
You want the banks to look at your portfolio and want to give you your next loan and the next after that…
That doesn’t happen by accident…
It’s a result of knowing your portfolio ratios, where they need to be and finding the right deal to get them there.
That’s exactly what our Live Training Sessions gave everybody and so much more!