Many first-time investors do everything they can to be as prepared as possible for their first transaction. They will attend the classes and seminars and employ all the right strategies. The key to success in Brantford real estate, however, is experience. Everyone will experience hardships and hiccups throughout their transition into the industry, however keeping the three tips below in mind as you embark in your first few transactions will help you see success earlier. As your Brantford real estate agent, I make it a priority to stay well-rounded in my expertise in order to help my clients throughout many different types of transactions. These quick tips will help the first-time investor stay focused and driven throughout what can be a difficult transition.
Don’t be so desperate, starting off. Since the key to steady business in the investment world is experience, many first-time investors will enter their first transaction thinking to themselves, “I just want a deal to get experience.” This attitude will only set you up for frustration. While it’s awesome to be motivated and driven, the point of entering investment as a career is to make money, not close a bunch of deals. Investing in a property that won’t be profitable will only cause you to lose money. In this case, quality is far more important than quantity, so wait for the right property to come along before taking the plunge.
Choose the right real estate professional to guide you through the transaction. If you’re looking to invest in an apartment complex, you don’t want to work with an investment coach or real estate agent who works with distressed properties. Figure out what your bottom line is and find the local agent or coach who specializes in that. You don’t want to be mentored or guided through your first few transactions by someone who is only looking to profit off of you and sell you a bunch of unnecessary services. You’re going to want to work with the Brantford real estate agent who has your best interest at heart and will take their time to help you find the right property to invest in.
Education is important, but you don’t have to overdo it. There is a webinar for practically everything right now. I’m all about continuing to learn and educating myself about the latest real estate trends, but I only participate in those that I find completely necessary. There are a lot of “bright shiny objects” and “hot new techniques” that people may try to sell you, but you should always ask yourself how beneficial this will REALLY be for your business. Remember, if you’re just starting out, you don’t want to spend all of your money on education that you don’t need, so weigh your options wisely.
As a Brantford real estate agent who works with investors, I think that as a first-time or new client it’s imperative to keep these three things in mind. Real estate investment can be a difficult industry to break in to, and it’s imperative to know when to take risks and when to proceed with caution. Having the right real estate professional guide you through the transaction will only help you see success even sooner.
If you have any questions about how to find the perfect distressed property for your first Brantford real estate investment, don’t hesitate to contact me! I will show you the foreclosures that will get you the most return on your investment. I hope to hear from you soon!
Wally Dufrat | Sales Representative
RE/MAX Twin City Realty, Inc. Brokerage
515 Park Road North | Brantford, ON N3R 7K8 Direct: (519) 752-5400 & (877) 759-5900 | Cell: (519) 761-7400 | Fax: 519-752-3400
Before You Buy or Sell Your Next Home, Visit My Websites at:
www.BrantfordHomeInfo.com or www.FreeBrantfordHomeInfo.com for FREE Information!
RE/MAX Twin City Realty, Inc. Brokerage
515 Park Road North | Brantford, ON N3R 7K8 Direct: (519) 752-5400 & (877) 759-5900 | Cell: (519) 761-7400 | Fax: 519-752-3400
Before You Buy or Sell Your Next Home, Visit My Websites at:
www.BrantfordHomeInfo.com or www.FreeBrantfordHomeInfo.com for FREE Information!
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