Real Estate Millions Part 2

June 1st, 2008

What is a real estate investor? That is probably a question you have asked yourself numerous times if you are thinking of entering the real estate market. Dean Graziosi defines a real estate investor as someone “who has the courage to try things they have never tried before, has the stamina to take action, has the foresight to set and schedule a change in their life, and finally a real estate investor is a doer.” Take these traits and combine them with knowledge of the ways to make money and also to think out of the box and you can be successful investing in real estate.

In his guide, Real Estate Millions, Personal Secrets, Graziosi says you need to learn to think creatively, to look at things from a different direction. Take the opposite approach of others. Graziosi tells how he once bought property that contained a swamp. Other people passed up this opportunity because all they could see was the water. Graziosi saw an outcropping of stone, enough to form a hill. He purchased the property, subdivided it into 5 lots and made a million dollars because he did not take the normal approach.

Most people try to find properties by spotting for sale signs or working with real estate agents, neither approach is wrong but there are others. Try finding properties with potential that others are missing out on. Find distressed properties, look for ones in the wrong side of town that have some issues. You can buy them for a low price, improve the property and turn it around for a profit.

Get to know your area. Times change and your area will change. Parts of town that were desirable when you were young may not be now and vice versa. Invest with you mind and not your heart. There can be factors that change the value of a property, new construction, new roads, zoning changes- be aware of what is happening and act quickly. Get to know at least one real estate agent and also find a good real estate lawyer.

Remember to follow the trends of the market and also think about the type of property that’s best for you. Are you looking for a handyman special? Do you want to invest in apartments and rental units? Is clean land available to build on? What about foreclosures and tax sales? These are all good ways to make money in real estate and you should feel comfortable investing in more than one way.

Find properties, don’t just look at the real estate section of your local newspaper. Get out and look for properties to buy that don’t have a for sale sign on the front lawn. Go out on Sunday afternoons or any day of the week for that matter and write down the addresses of properties in good location. Contact the owner and see if they might be ready for a deal. Look in older sections of the community. Someone who is retiring might want to sell in order to move out, and young families may want to move into a quiet neighborhood. Dean Graziosi’s Real Estate Millions teaches you that you shouldn’t let the market come to you, you go to the market.

Posted in Real Estate Millions, dean graziosi, investing | No Comments »

Think a Little Different to Real Estate Millions Part 1

May 15th, 2008

Buyng and selling real estate has always been a risky way to make money. Many people have made millions through real estate deals, while others have fallen flat on their faces. Dean Graziosi claims to be one of the successful real estate investors and he has written a guide to making real estate work for you. Making money in real estate is up to you, Graziosi doesn’t promise to print $100 bills for you, but if you are willing to take action, then you can change your life and become a successful real estate investor.

Tax sales, foreclosures, no money down, rental properties and distressed properties. These are all real estate deals that Graziosi says he has made work for him. Even though these are common ways to make money, Graziosi says it is his ability to think differently that has allowed him to make money where others have failed. If you are thinking about plunging into real estate, Graziosi says congratulations; he wants to show you how to do it. What he wants you to do is not get excited for a few minutes and then quit, rather stick with his course and program.

Getting started you should set up a website. You can contact his office at 1-80-791-2455 ext 900 and they will help you do it. In fact, he claims they will walk you through your first 5 deals. He also has ready for success audios which will teach you success secrets, including secrets on no money down strategies and tax sales. You can also benefit from an updated manual and CD to help you with foreclosure profits and assist you in setting up a personal journal. If you are part of his program you will also be able to take part in monthly conference calls.

Now it is time to start thinking about goals. When you are looking to make a change in life, it is important to set both short term and long term goals. Some short term goals you may want to think about include completing this course, investigating at least two properties, talking to someone else about becoming a financial partner if they have money to combine with your new found expertise, and another short term goal could be to make $5,000 from real estate. Also think about long term goals such as buying a property with no money down, purchasing and fixing up a property for resale, buy yourself a new home, making real estate your full time job and increasing your personal wealth by a quarter of a million dollars.

Write down your personal goals and then make sure you follow through on them. That’s why a journal is important to help keep you focused. You may also have to change your way of thinking. In school the goal was to get 100% on your tests. But in life, you don’t always have to be correct every time. It took Thomas Edison 2000 attempts to invent the light bulb, but he did not think of that as failure. He thought he had found 2000 ways not to invent the light bulb.

Finally it is not important just to have goals, but to know why you want to accomplish things. So take time to write down several reasons why you want to make money, then also list the emotions behind it. It will better help you understand your reasons. As an example, a reason to make money in real estate may be to get out of debt, the emotion behind that is peace of mind. Over the coming weeks, we will continue to review Dean Graziosi’s manual on Real Estate Millions, Personal Secrets.

Posted in Real Estate Millions, dean graziosi, investing | No Comments »