Tips for buying Real Estate: Land, Home, Condos.

1. Don't overanalyze. You may lose a lot of great opportunities to make great deal of money. Start making offers!

2. Make sure you can afford to buy a home... earnest money, inspection costs, closing costs

3. Ask fellow investors, real estate broker about the property value. If it makes sense go ahead with the purchase.

4. If you are buying for a quick flip, neighborhoods don't always matter. What matters is the return you are going to make.

5. Your perfect buy and first choice should be a house/condo/building in excellent condition and in a good neighborhood.

6. Your Second choice should be a cosmetic fixer in a good neighborhood.

7. Inspect the property. Try to get as many things fixed by the seller as possible. But remember, sometimes if you ask for everything, you get nothing. Check the neighborhood. Drive around the block. Look at the houses in the neighborhood, what is their condition. Look at the cars parked in the street. Old cars normally can tell you a lot about the neighborhood. Trash on the sidewalks can spell less than great neighborhood. Which in turns means you should buy and sell quickly (most of the time). Renting in those neighborhood could be challenging, especially for the new investor.

8. Use a real estate agent or broker. Check out many listing sites for as much exposure to the homes on the market as possible.

9. Shop around for Financing. My experiences with the loan officers tells me one thing. Email them your questions and ask them to email you back their answers or put them on paper. They tend to always change terms and rates (though illegal), and put junk charges.

10. Try to reduce your Title/Escrow charges review them with an experienced investor or real estate agent.

11. Use a real estate attorney for your foreclosure/pre-foreclosure purchases.
13. Make connections with other fellow real estate investors. You can learn great deal first hand experience from them. One peace of advice alone could be worth thousands for you. So if you like challenges and lifetime learning Real Estate Investing is a great field to work and have fun.

15. Use the right Real Estate Forms when you buy and sell. Ellen Bruya will supply those to you

16. Do not be afraid to buy real estate. Fear and lack of knowledge are the number one factor for failure.

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