The Good, The Bad....and The Ugly of Real Estate Investing Information
With the abundance of real estate investing information it is getting harder and harder to separate the BS from useful information that you can use. But there are a few simple rules you can follow to quickly sort out the good real estate investing information.
* Real Estate Investing Information Rule #1
What To Do Versus How To Do It.
Most real estate investing information is very good at telling you what to do and giving you a false sense of understanding. But the key is finding real estate information that tells you how to do something from start to finish.
What to do example: You need to mail out of state owners to find real estate deals. While this is a true statement you are really not much better off then when you started.
How to do example. You will want to mail this letter to 500 out of state owners of single family residential homes with 1000 or more square feet. To obtain the list of out of state owners you can go online and find a list broker to purchase them but a better source may be your county tax office or a local data provider like Net Value Central. When mailing your letters use a number 10 envelope with a live first class stamp and hand written mailing and return address. Ideally you want your letters to be mailed on Monday so the letters arrive midweek and not on Friday or Saturday because statistically your letter has a higher likelihood of being read if it arrives midweek instead of on the weekend.
So when you are looking for great real estate investing information keep your eye on programs or systems that focus on how to do things in detail. If you are a beginning real estate investor I'd suggest you start with this real estate investing system.
* Real Estate Investing Information Rule #2
Action Versus Analysis.
Is analysis important? Absolutely. But a lot of people put way too much emphasis on analysis because for whatever reason people love to overanalyze things. When dealing with single family homes you should be able to quickly analyze the property and make a yes or no decision based on buying rule you have in place.
Once the property has been analyzed the key is taking action. As a real estate investor this means making offers. I'm aware of many systems that impress people with detailed analysis and are great on theory but do little to nothing when it comes to showing you how to take action.
* Real Estate Investing Information Rule #3
Look For Examples and Stories.
There is nothing worse than going through dry real estate investing information unless you are looking for the cure to insomnia. It is much easier to learn and remember from examples and stories.
With the abundance of real estate investing information it is getting harder and harder to separate the BS from useful information that you can use. But there are a few simple rules you can follow to quickly sort out the good real estate investing information.
* Real Estate Investing Information Rule #1
What To Do Versus How To Do It.
Most real estate investing information is very good at telling you what to do and giving you a false sense of understanding. But the key is finding real estate information that tells you how to do something from start to finish.
What to do example: You need to mail out of state owners to find real estate deals. While this is a true statement you are really not much better off then when you started.
How to do example. You will want to mail this letter to 500 out of state owners of single family residential homes with 1000 or more square feet. To obtain the list of out of state owners you can go online and find a list broker to purchase them but a better source may be your county tax office or a local data provider like Net Value Central. When mailing your letters use a number 10 envelope with a live first class stamp and hand written mailing and return address. Ideally you want your letters to be mailed on Monday so the letters arrive midweek and not on Friday or Saturday because statistically your letter has a higher likelihood of being read if it arrives midweek instead of on the weekend.
So when you are looking for great real estate investing information keep your eye on programs or systems that focus on how to do things in detail. If you are a beginning real estate investor I'd suggest you start with this real estate investing system.
* Real Estate Investing Information Rule #2
Action Versus Analysis.
Is analysis important? Absolutely. But a lot of people put way too much emphasis on analysis because for whatever reason people love to overanalyze things. When dealing with single family homes you should be able to quickly analyze the property and make a yes or no decision based on buying rule you have in place.
Once the property has been analyzed the key is taking action. As a real estate investor this means making offers. I'm aware of many systems that impress people with detailed analysis and are great on theory but do little to nothing when it comes to showing you how to take action.
* Real Estate Investing Information Rule #3
Look For Examples and Stories.
There is nothing worse than going through dry real estate investing information unless you are looking for the cure to insomnia. It is much easier to learn and remember from examples and stories.
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