Q
How can real estate investors avoid common pit falls ?
PROPERTY ADVICE
A
W
e tend to forget that we are dealing with the property market here , and everything I remember from my university degree is that a market is based on supply and demand . As an investor you need to have a basic understanding of supply and demand . People often jump onto buying property without understanding the foundation of any property market which is the rental market . So if you want to be a successful real estate investor you have to be a rental expert , If you do not become a rental expert you will be a speculator and speculators get burned , very often .
CARLO MARIANI The Property Coach
Q
I am a part-time investor with a full-time job . How do I find investment opportunities for a successful side-hustle ?
A
M
ost people have a different starting point . Most didn ’ t inherit money , nor do they have daddy footing the bill for their investments . In fact , the vast majority of beginner investors I ’ ve worked with have had to build their portfolios while working their day jobs .
Good news is that this is easier than it sounds if you invest strategically by delegating your deal finding to wholesalers . The wholesaler finds a high-quality property for sale , handles the property evaluation and comes to a deal with the seller , looks for motivated buyers ( property investors ) who would like to purchase the property and contracts the home with the seller , then signs the contract over to you , the buyer .
The wholesaler does all of this work . All you do is sign the contract and add another property to your portfolio . Delegating your deal finding can help you close on highquality properties with little to no effort needed on your end except a small assignment fee .
EZRA RASETHE Infinite Property
This has to be done with caution from the wholesaler ’ s point of view as if the deal is not correctly , legal implications associated with the agreement between the buyer and the agent also exit clauses required to be included in your offer to purchase . Therefore , it would be great to consult your property coach and property attorney to iron out the details before doing the deals just to ensure you have all your ducks in the row .
SA Real Estate Investor Magazine DECEMBER / JANUARY 2021 5