How to minimize risks when investing in real Estate

Bird Dogs, Wholesaling
1

To minimize risks when making real estate investments, here are some things that you should consider before purchasing your first investment property.

  1. Draw up an investment plan
  2. Indentify your investing strategy
  3. Know your target market.
  4. Hire a mentor or find an experienced business partner.
    Following these simple advices, you can reduce risks to your real estate investing business and maximize your profits.
2
  1. Don’t gamble. Instead take calculated risks.
  2. Don’t write big checks (unless you know how you’ll get that money back quickly).
  3. Don’t personally guarantee debt to do a residential real estate deal.
  4. Don’t make promises you’re not sure you’ll be able to keep.
3

Talking about my parent estate all of the assets were sold and the proceeds invested to generate income to pay for my mother’s care. So my understanding is that the estate is entirely cash and securities.Well this all tips are suggestions are almost beneficiary but am still feeling some what unsecured.Thanks for the valuable tips.

4
  1. Don’t give the seller a deposit more than $10.00
  2. Getting the house under contract makes sure that $10.00 is secure.
  3. Go to your buyers list and tell them about the property that you have forsale.

Total investment/risk = $10

That is why I love wholesaling real estate.