How to Plan a Career in Real Estate Investment

Follow a smart and long-term plan, and you can have a successful career in real estate investment. Options exist for you if you're starting with or without much money. Consider your personality and strengths. Can you handle the "three Ts" of rental property---tenants, toilets and trash? Do you want to have partners or invest alone? Constant learning is crucial. If you have a stomach for risk and an eye for deals, then real estate investing could be your path to wealth.

Instructions
1.
Research the different active and passive approaches to real estate investment. Start with an approach that excites you personally and makes sense financially. Active investing requires that you get directly involved with the properties. This includes buying fixer-uppers for lease or sale, buying property to rent to tenants, purchasing foreclosures, bidding on auctioned real estate and purchasing land. Passive investing is less hands-on but requires more capital. This includes buying shares in real estate investment trusts (REITs), lending money to other investors and negotiating discounted mortgage notes. Knowing your options can help you find your niche.
2
Clean up your credit reports. Having good credit is essential for any real estate investment career. Order your credit reports and scores from all three consumer credit bureaus: TransUnion, Experian and Equifax. Monitor your credit regularly and protect it as best you can from inaccuracies, negative information and fraud.
3
Educate yourself. Find courses at local colleges or online that teach real estate investing. Read books from your local library. Join your nearest Real Estate Investors Association (REIA). The National REIA has chapters in every state. Each chapter offers leading-edge training seminars, networking events and other educational resources, including an email newsletters.
4
Write a five- to 10-year career plan. Design your career plan around what you're learning about your choice of approach into real estate investing. Think of your family when planning. Real estate investment is risky and profits rarely happen fast. What are your goals for you and your family? You'll need to determine how much risk you're willing to take with your finances.
5
Start building a team. Real estate is a relationship business. Start reaching out to others involved in your local real estate industry, including attorneys, bankers, appraisers, landlords and contractors. These people will not only help you as you negotiate property investments but they can also be your source of education and advice specific to your local real estate market.


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Beacuse that's where the buyer's are plentiful.
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Roosevelt