8 Ways New Real Estate Investors Can Succeed In 2018

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Investing in real estate has become increasingly popular over the last 50 years and has become a common investment method. When you invest in real estate, your goal is to put money to work today and make it grow so you have more money in the future. Real estate investing, in all regards, has changed over the years. The techniques that worked for an investor 10 or 15 years ago will most likely not work in 2018. Investors are constantly learning and evolving their practices to reach new levels of success.
Here are new ways investors can succeed in real estate business
Buy Your Personal Property First
Buy your own property to live in first, because financing is easier (less down payment and better interest rates), you need a home to live in, you get the best tax write-offs and then you can move up to a new home in a year or two. Then rinse and repeat, keeping that first property as a rental. Then buy the next owner-occupied home with a low down payment and a good interest rate. 
Don't Underestimate The Power Of The Market
Depending on what type of investing you are talking about, don't forget that market moves will change demand and prices drastically, regardless what you do as an investor. Make sure you are investing with long term capital and focused on cash flow or returns.
Network
The more people you meet, the more real estate networking meetings you attend, the more contacts you make, the more likely you will be to succeed. Build relationships and you will be successful, but it's not easy and its not overnight. Don't give up too quickly and don't believe its as easy as it appears on TV.
Stay Focused On Your Strengths
People get good and profitable with one model, and then do something they may not even realize is outside that model. Define narrowly your core and get amazing at it. If you want to wholesale, do that. If you're building a portfolio, focus on just that.  Don't try to do it all! Be great at what you are doing and make hay while the sun shines.
Put Numbers Over Emotions
Fear and greed are the fuel behind too many failed investment decisions. Do not invest with your emotions. Research all the costs of an investment — not just yield and CAP rates. Look at vacancy cost, maintenance prices and tenant risk profile. Be rational about your own risk tolerance and consider these costs as potential impacts on your cash flow. You'll be more confident in your decisions. 
Work With People You Trust
Only work with people you know and trust. This is not to say work with your friends and family. The point is to be fully confident in the critical people you will rely upon, such as your banker, your co-investors, your broker, your developer, your general contractor... truly, relationships are everything 
Pay Attention To Market Cycles
Both new and seasoned investors should pay close attention to market cycles. All markets are cyclical and often the excitement of investing in an asset class is sparked by word of mouth. The most hype in any market is near the top of it, so evaluate what the market is doing before buying anything. When your research tells you that you are buying low and the future market outlook is positive, buy. 
 Don't Limit Yourself
When starting your search for the right investment property, you may be inclined to look close to where you live. But the market that’s right for your investment goals may be in another state or region. Do some reconnaissance and take advantage of innovative solutions breaking down geographic barriers to real estate investing, and discover a growing number of opportunities. 

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