WHERE DO I BEGIN?
It all depends on how much money you have available and what your current skills are. You can start out by finding qualified leads for those who are professional real estate investors. This is something you can start in your spare time, use very little money to accomplish, have no financial risk, good credit is not a must, and it is a way to gain practical experience about real estate investing without spending money on investments.
You will simply find quality leads for the investor, and they will take care of the rest. Each lead that the investor is able to close on, will earn you a fee for finding the investment. There are several different ways to arrange a fee for your work. You may want to charge a flat rate per qualified lead, or a percent of the purchase price of the property. You can also use a combination of rates, the choice is yours.
You are an asset to those who invest in properties on a professional level by saving them time and money. You may find some of them are willing to help you with questions you have concerning real estate investment.
This is absolutely something you can start in your spare time. Keep your current job and work on this as a side-line that may turn into full time work. There is plenty of research you can do on-line to find distressed and foreclosed, or pre-foreclosed properties.
This is a something anyone can do, and you don’t need a certain level of education, qualifications, or experience. It does not matter who you are, your age, background, where you are located, or what you do for a living.
As you go along, you will improve your ability to find the best properties and will develop relationships with the investors you work for. You will gain valuable experience, and when you are ready to move up to investing yourself, you will know how to find your own leads. You will also be able to find motivated sellers, and that is a must for all real estate investors.
To be successful in this area of business you will need to know exactly what the investor wants in an investment property. The type of properties, location, and price range, they are interested in purchasing. They are your customer, it is important to offer them exactly what they need. You will need to provide all of the information available on the property, this is more than locating property by finding the address and passing it on to your client. You will need to use every source available, bank records, public records, etc…, to do a thorough job.
You need to be very organized to handle this job, as the best way to do a job like this is to devise a system that you will use to find properties, and then to find out all of the details. If you are not organized, you will not know where you began and where to go next. Don’t throw in the towel yet, you can learn to be organized and get the job done.
What you do for the property investor will assist them in making money (most important), and save them valuable time. Once they...