A Real Estate Course For You

A typical real estate course covers a few ways of making money in real estate. This is good and bad. It's good because concentrating on a few particular investing strategies is often more effective than trying to learn fifty different ways to make money in real estate. It is bad because the strategies it teaches may not be the right ones for you.

We're all different, right? Maybe a man who loves to fix up and sell old homes won't have the motivation and mind set to make money in speculative commercial properties. Of course he could learn, but isn't it likely that he would do better investing in an area he enjoys? A real estate course might teach him how to talk to families facing foreclosure, to convince them to sell to him, but would he be happy doing that?

Why not discover what kinds of real estate investing are best suited to your personality and abilities? You can spend an afternoon in the local bookstore to start. A decent bookstore will have fifty books on twenty different ways of real estate investing. Take notes, imagine yourself doing the things described in them, and see what types of investing appeal to you and fit your talents.

For example, I hated being a landlord. You may love it. Doing fixer uppers can yield quick profits, and you get to be very creative, but are you ready for the risk and unpredictability? A low-risk low-investment strategy that pays well is flipping real estate contracts. But it requires a lot of time face-to-face with sellers and other investors, negotiating. Does that suit you?

There are dozens of ways to make money in real estate, and some are better suited to you. Identify the ones that make sense and start getting an education. It is time to design your own real estate investing course.

A Personal Real Estate Course

Take a piece of paper and make three columns. Label them "books," "people" and "other resources." Create a lesson plan or "course" that involves all three. For example, seek out the books that are most directly relevant to the type of investing you'll be doing, and put them on the list. Borrow them from the library, or buy them online or at a bookstore.

Contacts and teachers belong in the "people" column. Include investors that have experience in the area you are interested in. You can find these at a local real estate club meeting. Put some real estate agents on the list. You can browse advertisements to see which ones sell the types of properties you'll be looking at or in the areas you want to invest in.

The "other resources" column might include seminars, tapes, internet real estate investing forums, and anything else that can be part of your course.

List everything you need to learn, and add to this regularly. Identify a source for each of these necessary lessons in one of your three columns. What book, person or online resource can teach you this?

Write down your study goals, and set deadlines. For example, set completion dates for reading each of the books on your list. Put real estate club meetings or meetings with real estate agents on your calendar. Fashion all of this into a real estate investing course that helps you make your first (or your next) investment with knowledge and confidence.

Copyright Steve Gillman. For a Free Real Estate Investing Course, visit: http://www.HousesUnderFiftyThousand.com

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