5 simple tips to start the real estate market as a beginner

[Holicent]

Here are 5 simple tips to start the real estate market as a beginner:
1. Get a mentor.

2. Set goals and make them specific.

3. Develop a plan of action based on your goals, which includes deciding how and when you will reach them.

4. Make sure that your action plan has a time frame for completion, with milestones along the way for checking progress toward achieving each goal.

5. Be prepared to devote time at least once a week to working toward each goal by reading books and articles about real estate investing, attending seminars and workshops, networking with other investors, and talking with professionals who can help you reach your goals faster and more profitably than if you try to do it alone or with only minimal guidance from others who have already been down this path themselves at one time or another in their lives as real estate investors.

 

[Mika]

There are two ways to get started in the real estate market, one, you flip properties, two, you get a broker license, and then start brokering real estate deals. Flipping property means you buy properties, add value to the properties (by renovating, painting, etc.), and then sell for a higher price. Instead of adding value, you can also sell straight away when the market appreciates. Becoming a property broker means you get a property broker license, find property sellers and property dealers, and then finalize the buying and selling dead. When the deal succeeds, you will earn a commission. How much commission you earn depends on the standard practice in your place, but you can earn at least 1 percent of the deal. The first method requires some serious investment. You need money to buy a property and need to be financially capable to hold your investment until the market appreciates. However, for the second method, you don't need money to invest in real estate to profit from real estate. As a real estate broker, you can start alone or work in an agency. While working alone will help you make more profits, working in an agency will get you access to more deals.