Real Estate Investing Strategies For New Investors

Most veteran investors will freely give their two cents to anyone who asks about their favorite real estate investing methods.  In fact, there are probably times when those same investors are entirely too free with information.  All too often there are those who overlook the only real estate investing methods that work consistently.

Some will say invest in wholesale, while others exclusively recommend short sale deals and still others recommend only industrial and recreational properties because that is where they’ve had success.  After conducting extensive real estate investing research, the best advice for new investors is probably to stick with starter homes because there is simplicity in buying and selling them.  Additional advice for most new investors is to focus on one style of home and learn real estate investing tactics that will facilitate rehabbing and marketing that one type.

Planning and focus are two of the most important real estate investing strategies just as they are in any successful enterprise. Sometimes there are many temptations in the real estate market and it’s hard to decide what to do with your investment dollars.  But if you apply planning and focus, you’ll find that a multitude of real estate investing opportunities make it is easier to find a lot of one market niche at the right price.

Profits can be increased by investing in a number of homes on the same street, or in the same neighborhood, that match your real estate investing plan and goals.  Taking this type of cluster approach will save time, money and hassle since contractors can be scheduled for a whole street of say furnace installations on the same day.  You’ll also save on materials because a left-over half can of paint from one house can be used on the next.

Another simple real estate investing strategy for most new investors is to buy starter homes that are small but nicely located and structurally sound. There is a fairly steady market for starter homes.  Not only because many newlyweds need to start small but also because of the frequent desire of people with grown children to downsize. This strong demand creates the kind of low but steady profit that causes a solid foundation for future investments.

Brick ranch style homes with slab construction from the mid-1960′s are often some of the best starter homes for real estate investing purposes.  Frankly, the concrete slab foundation was once a drawback for some who were afraid of future repairs that required jack hammers to ease broken copper pipes from their grasp.  For the investor this is actually a relatively easy repair and if several investment homes need this same work the cost goes down.  For some, real estate investing success requires taking someone else’s problem and finding an efficient solution.

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