Financial Freedom Classroom

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Team

Want to be “in the know”?

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Image courtesy of stockimages from freedigitalphotos.net
Image courtesy of stockimages from freedigitalphotos.net

How do you find out what is going on in the real estate market you are targeting?  Some can be learned from your real estate professional, but that is only one person’s perspective.  Why not get the perspective of many people in the real estate industry in your target market?  Where would you go?

The local Real Estate Investor’s Association meeting!  There are real estate investment groups meeting all around the country.  The National Real Estate Investor’s Association website can direct you to a meeting in your target area.  Check one out!  These meetings can be a great resource to gain knowledge about your area, find deals or help build your team.

Please comment any real estate tips or tricks that you have learned from a real estate investor’s meeting.

You need others to be successful

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Image courtesy of podpad from freedigitalphotos.net
Image courtesy of podpad from freedigitalphotos.net

Be sure to carefully build your real estate investment team.  You will need to work with others to be successful.  Find professional, capable people in the following categories:  Real Estate Attorney, Title company, Real Estate Broker, Mortgage Broker, Hard Money Lender, Private Lenders, Clean out crew, Demolition crew, Insurance agent, Property Management, Plumber, Electrician, and Construction companies.

Generally speaking the old adage, “You get what you pay for” can apply.  Be very careful in selecting your team by make sure they are professional and capable.  One good way would be to ask successful real estate investors who they use.  In many cases your team can make or break your deal.  Choose carefully…