5 STRATEGIES FOR SUCCESSFUL REAL ESTATE INVESTING JIM INGERSOLL
4. Buy houses based on numbers, not emotions
A lot of new investors get caught up in the emotions of a house. They see the property with elements such as
historic charm and character and then they know they can restore it to its former glory. Let me caution you on
using this approach when buying investment real estate. There are some very important numbers that you
MUST know before committing to buy, here are some of them:
1.
As-Is Value
2.
Repairs required
3.
ARV – After Repair Value
4.
Market rent
If you focus on these numbers, you will find success by leaving your emotional ties to a house or
neighborhood behind you. Think and Act like an investor and not as a homeowner, when buying investment
real estate. Also, if you focus only on these financials, it will help you not over-analyze a deal. Either the
property meets your criteria or it does not.
5. Invest in yourself first
I hope you are ready to move forward with your own plan to create cash flow and build your long-term net
worth. Where a lot of investors fail, is they do not invest in themselves. Personally, I am a lifetime learner and
that is the 5th strategy of being a highly successful real estate investor. You need to commit to invest in
yourself first. Take time to read as many real estate investing magazines such as this one, take time to attend
a boot camp event and consider finding an appropriate coach who can help you reach your goals fast.
Act strategically and you can create your roadmap to massive success investing in real estate.
Jim Ingersoll
Jim Ingersoll is a real estate entrepreneur who teaches investors how to generate cash flow and build
wealth investing in real estate without banks.
Jim continues to buy, sell and manage his own
properties and is an active on the street investor.
Jim has numerous publications including his two published books “Investing Now,” “Cash Flow Now” and the soon to be
published “Private Lending Secrets For Real Estate Investors.”
Jim’s Website: www.investingnownetwork.com