The Real Estate Basic Knowledge Required to Help You Build Your Freedom and Choice Through Real Estate Investing for Beginners!
Your whole life has been all about gathering knowledge and information. Especially when it comes to your job or profession. You have become an expert at gathering data! Do you want to know what real estate basic knowledge is required?
The same is necessary when it comes to investing or business building.
The most important part of your journey in real estate and business is learning and gaining knowledge, gaining real estate basic knowledge. This will become the most valuable part of your journey. It is necessary to have underpinning knowledge in your area of expertise or business or investing. Underpinning knowledge is essential for you to make informed decisions.
Coaches and Mentors:
Do you find yourself saying “All I need is someone to show me the way” or “I would just love someone to tell me where to start” “If someone could just impart that real estate basic knowledge to get me going”?
The biggest problem for you… getting started is the feeling of lack of knowledge. With lack of knowledge come lack of action. With knowledge comes action and confidence.
If real estate is something you have been wanting to do for a long time, what is the cost to you of not getting started? The solution could simply be picking up the phone and reaching out to someone or picking up that book that screams “The real estate basic knowledge required to help you build your freedom and choice through real estate investing for beginners”.
I find that it’s easier to invest in a program where you have a mentor or coach that can help you with this process. Coaches that have already travelled the journey can guide you in the direction to gather the most valuable knowledge. I have invested in workshops, seminars, books and coaching during my real estate investment journey.
What coaches and mentors can do… is not necessarily provide you with all the answers… they provide you with the inspiration to go and find the answers yourself.
When it comes to real estate it is important to gather the information from people that are already successfully doing what you want to do. For example, when you start to invest in an area in the United States you want to make sure that you are receiving knowledge from people in the area that you want to invest in.
I recommend that you start in your own backyard, in your own neighborhood. However, there comes a time when you want to reach out into other neighborhoods, other states and even other countries. The only way you can do that is by seeking out the real estate basic knowledge required.
Once you are established in a particular area you can seek advice and information from the local real estate investor groups. Every city in every state have these real estate investor groups.
When travelling and visiting the state you are investing in you can be a guest at these forums and you will meet property managers, realtors, investors, contractors, insurance agents, material suppliers and anyone else connected to real estate. They will also provide you with educational seminars that you can attend to build up the real estate basic knowledge.
The thing you have to be careful of are the realtors as they are wanting to push and sell you a deal, it can be any deal, they just want to move it. They see you, an investor from another neighborhood, state or country and they think ‘AHA’ and move on in… to show you all their stock. They all look fantastic on paper; however, you have to do a whole lot more research than taking the word of the realtor.
Networking is a great social and enjoyable way to acquire that real estate basic knowledge to get you started in your investing journey.
Local Business Groups:
In the areas you invest in you find a local business group for business information and economic data. I have a local business group and they produce a small video each day, which is emailed to me, and they provide a 10-minute update on all the local business information.
Your team members are the people on the ground in the State and the County and the neighborhoods that you want to invest. They are the most valuable source of information and data.
Your local American accountant, CPA, can provide local business contacts and networking groups as they are generally involved in and go to their events also. Your CPA is connected with all the large and small banks in the area, which can be very handy as you, the investor are always seeking ways to get finance. They also go to all the networking events also.
Another great way of sourcing the real estate basic knowledge is the internet. Again, being careful about the information you are gathering. However, there are some general searches you can do initially.
When you have received property alerts from your team you can go ahead and just type in the address into google and loads of information will be revealed about that particular property. The last time it sold and for how much. It can be from years ago. Also, photos of the property and plenty of them.
There are websites like:
- Google Maps
These websites will give you estimates of market value and also provide you with sales history and data. What is good about these sites is they give you the surrounding house data. Whether they are for sale, been sold or just simply a valuation.
They also provide an opportunity to view the house through street view, Google Maps. You can imagine how much you can use this application when you are sitting at home viewing a property in a neighborhood hundreds or thousands of miles away.
County Council Websites:
A great source of factual information and data are the County Council websites. This will also give you real estate basic knowledge.
You can search by property address or property owner and receive all the data including past sales history, current tax information, any outstanding taxes due, auditor valuations and any additions.
You can use this site frequently when it comes to running the numbers on the property as you gather the correct property tax information and also determine if there are any exemptions. It is really valuable to know who the owner of the property is as you can determine if it is in pre or post-foreclosure. Your strategy of buying will be different in each case.
Your Realtor and MLS:
Finally, one of the most important sources of information is the Multiple Listing Service known as MLS by most American realtors. Your realtor you are dealing with has access to this data and information. Data you do not have access to. It would be a great idea for you to ask for the listing on a particular property through your realtor.
So, there you have it… this is how you can gather valuable knowledge, information and data. How you can acquire the real estate basic knowledge to move you forward. These are just a few ways to access property information and most of it is for free!
Silver Coaching Program for Buying USA Real Estate which will provide you the steps to getting started.