Jamie Goldstein highland beach-How to Invest in Real Estate
                     JAMIE GOLDSTEIN 
 BOCA RATON
Real Estate Investing 
Tips
Real estate is a challenging business that requires knowledge,  
talent, organization, networking, and perseverance. 
Becoming  knowledgeable and educated about the real estate 
market is  crucial, but often this comes with more than just 
in-class  learning Understanding the risks, i nvesting in an 
accountant,  finding help, and building a network are all part 
and parcel to  the successful real estate investor.
1. MAKE A PLAN
Real estate investing can be complicated and demanding, and a solid plan  
can keep investors organized and on task. The plan would include  
estimated outlays and inflows of cash from rentals, how many units to 
own  when to refurbish or upgrade units, demographic changes, and 
anything  else that could impact your investment over time.
2. KNOW THE MARKET
Effective real estate investors acquire an in-depth knowledge of their selected 
markets,  such as narrowing in on a particular geographic region and focusing on 
residential vs.  commercial properties. Keeping abreast of current trends, including 
any changes in  consumer spending habits, mortgage rates, and the unemployment 
rate, to name a few,  lets real estate investors acknowledge current conditions and plan 
for the future. This  enables them to predict when trends may change, creating 
potential opportunities for  the prepared investor.
3. BE HONEST
Real estate investors are usually not obligated to uphold any  
particular pledge of ethics. Although it would be easy to take  
advantage of this situation, most successful real estate investors  
maintain high ethical standards. Since real estate investing involves  
people, an investor's reputation is likely to be far-reaching. 
Effective  real estate investors know it is better to be fair, rather 
than to see  what they can get away with.
4. DEVELOP A NICHE
It is important for investors to develop a focus in order to gain the depth of  
knowledge essential to becoming successful. Taking the time to build this level of  
understanding of a specific area is integral to long-term success. Once a particular 
 market is mastered, the investor can move on to additional areas using the same 
in-  depth approach. Some niches might be high-end residential, low-income 
multi-  unit housing, or rural farm rehabs.
5. ENCOURAGE REFERRALS
Referrals generate a sizable portion of a real estate investor's business, so 
 it is critical that investors treat others with respect. This includes 
business  partners, associates, clients, renters, and really anyone with 
whom the  investor has a business relationship. Effective real estate 
investors pay
attention to detail, listen and respond to complaints and concerns, 
and  represent their business in a positive and professional manner. 
This
builds the kind of reputation that makes others interested in 
working  with those investors.
6. STAY EDUCATED
As with any business, it is imperative to stay up to date with  
the laws, regulations, terminology, and trends that form the  
basis of the real estate investor's business. Investors who fall 
 behind risk not only losing momentum in their businesses 
but  also legal ramifications if laws are ignored or broken.
Successful real estate investors stay educated and adapt to 
 any regulatory changes or economic trends. Moreover, 
keep  up on the real estate, tax, and lending laws and 
regulations  that could directly or indirectly impact your 
business.
7. Understand the 
Risks
Stock market investors are inundated with regular warnings regarding the  
inherent risks involved in investing and the potential for loss. Real estate  
investors, however, are more likely to see advertisements claiming just the  
opposite: that it is easy to make money in real estate. Prudent real estate  
investors understand the risks—not only in terms of real estate deals but 
also  the legal implications involved—and adjust their businesses to reduce 
those  risks.
THANK YOU
Website
https://www.pillar.vc/team/jamie-goldstein/