Real Estate Investing for Beginners and How to Make Millions

If you?re new to real estate investing and you want to get started fast, side-step the pitfalls, learn what really works and how to make millions, I?m glad you?re here. I wish there had been such a place when I first got started. Although many real estate investing courses proclaim to be step-by-step so that the beginner can easily follow along, very few of them actually are; And because they aren?t, they fail to deliver as an investing for beginners resource. For the last few years, it has been my commitment to create a place where beginners could not just learn some tips or tricks, or how to flip a house or two, but to learn how to get started right and how to make millions investing in real estate.

Investing for beginners and investing for experts aren?t as different as many might want you to believe. Real estate investing is a simple business. It?s simple in the fact that the primary objective is to buy low and sell high. Many will complicate the business by losing site of this basic tenet of investing. Regardless of market conditions or the state of the economy, there is always a low price of which you want to make your purchases and a high price of which you want to sell. Simple.

To monitor your progress, there?s a simple calculation that allows you to measure the performance of your investment. This calculation is ?return on investment? (ROI). You?ll want to get very familiar with this formula. To calculate your ROI, the return of your investment is divided by the amount of money you put into the investment with the result? being expressed as a percentage.

ROI Formula:

In this formula ?gain from investment,? refers to the annual proceeds or profit?the investment generates. ROI is a a popular metric because of its accuracy and simplicity. If your ROI is negative (-), you are losing money. If your ROI is positive (+), you are making money. Simple.

Further, you?ll constantly want to monitor the ROI from your investments and look for opportunities to increase your return, or exchange your investments for investments of a higher return. This simple strategy of monitoring and increasing ROI is how to make millions investing in real estate.

There are three common traps that ensnare beginners and keep them from making their millions. Follow these three tips and avoid these investing traps.

1. Stay focused! Pick one acquisition strategy whether it be Real Estate Owned (REO) properties, auctions, tax deeds, expired listings, pre-foreclosures, and there are plenty more from which to choose, but whichever one you choose? choose one and stick with it. Avoid jumping around from strategy to strategy. That?s a formula for frustration and a quick exit from real estate investing.
2. Move at the speed of instruction. When you learn something, go do it. Don?t wait to learn everything before you take action. The primary reason is, you?ll never know everything. So, don?t wait. Get going.
3. Keep going. Regardless of which strategy or market you choose to get started in, real estate investing is a skill. Skills take time to develop, and they develop with lots of practice, drilling, rehearsing and repetition. In the beginning, it will take time to see results. Be patient. From my experience, it?s not so much the investor that gets off the bus at the right stop, but rather the investor that stays on the bus the longest.

I admire you for seeking an ?Investing for Beginners? resource. In fact, I envy you a bit. When it comes to real estate investing, there?s certainly some bliss in ignorance. It may sound a bit funny, but stay ignorant for as long as possible and simply move at the speed of instruction. You?ll learn more of the ?right stuff? that way.

It?s easy to over-think this this business. So, as a beginner I recommend you do everything you can to keep it simple. If you do, and you stick to it, you will be successful. I?ve created a free and simple real estate investing course to get you started right away and ultimately teach you how to make millions. Yep, millions. You can access that free course instantly by clicking here.

Source: http://epicproacademy.com/how_to_invest/real-estate-investing-for-beginners-and-how-to-make-millions/

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