Who Is Dean Graziosi We'll Answer Your Pressing Questions About Real Estate Investing Today Investing in real estate can turn a large profit, but only if done the right way. There are many things that can go wrong with an investment, so it is important that you know how to prevent them. Below, you will find some great tips compiled for real estate investors. Make sure that you set realistic goals based on the budget that you have. You should not set a goal to buy ten houses in the span of a month if you only have a hundred thousand dollars to your name. Set reasonable expectations to avoid setbacks at all costs. Millionaire Success Habits By Dean Graziosi Get a feel of the values of properties near yours. Mortgages and rental prices in neighborhoods that are local will allow you to feel how much a house is worth. This will help you to make a practical and heady decision. If there are problems with the property that can not be seen by the naked eye, you are likely to spend much more money in the long run. Think of an inspection like an investment and always have one done prior to purchasing a property. What Does Dean Graziosi Do? Always get your properties inspected. Inspections are not a bad thing, and you shouldn't think of them as an annoying expense. Inspections can uncover serious issues that may not be immediately apparent. This can give you negotiating leverage or allow you to fix issues before someone else requests an inspection. If you purchase a property and need to make repairs, be wary of any contractors who ask for money in advance. You should not have to pay before the work is done, and if you do, you run the risk of getting ripped off. At the very least, never pay the full amount ahead of time. Stay away from deals that are too good to be true, especially with investors that you can not trust or do not have a good reputation. It is important to stick with those who have a good reputation because getting ripped off in this business can cost you a lot of money. Build your real estate investment buyers list with online ads. You could use social media, online ad sites such as CraigsList and/or the local newspaper to draw attention to the properties you have on offer. Be sure to retain contact information for every person who shows and interest so you will have a wellrounded contact list as you accrue new properties. Steer clear of making purchases in rough or declining neighborhoods. Make sure you pay attention to the location of the property you are buying. Research carefully. Nice houses with great prices are sometimes in rotten locations. It may be hard to sell and it may be easily vandalized. If you are looking to invest in real estate, make sure that you play it smart and do the research involved. This article is just the start of a successful business. Do whatever it takes to take notes and keep this great information on hand when you finally decide to take the plunge and invest.