As a potential investor, it can be a big challenge to decide how you’d like to spend your time, efforts and money. You may be wondering, “Should I invest in real estate or stocks?” Or perhaps you’re thinking of pouring your money into a franchise business and open a chain store? Or should you invest in real estate? And if you do decide to become a real estate investor, you must consider what niche you’d like to pursue. Do you want to invest in land or commercial structures that you lease out? Would investing in rehabs and fix and flips be more realistic? Should you be a residential landlord? These are all important questions that you should explore, whether you’re considering The Bird Dog Program or another potential avenue. The Bird Dog Program founder Kristine Zelazo explores some of the vital considerations before you register for this program or pursue real estate investing as a whole.
Vital Considerations When Becoming a Real Estate Investor
Before you take the plunge and educate yourself on all of the ins and outs of your chosen real estate investment niche, it’s important that you understand what’s involved in terms of time commitment, financial commitment and what you can expect by way of a return on investment (ROI). Only once you’ve considered these points can you truly proceed with confidence. Here are some key issues to contemplate.
• How much time do you have to invest? If you’re a busy person who doesn’t have the time or desire to really become educated on your chosen investment niche, then you probably won’t have the time needed to make real estate investing work for you. Something more hands-off like stocks and bonds may be a better pick for this type of person. But if you have the time and motivation to continually learn and grow, to pursue leads, to manage properties and to be actively involved in sales, rehabs and other projects, then real estate investing could be a great pick for you.
• How much money do you have to invest? Money matters when it comes to picking the right avenue for investing and fortunately, there are a wide variety of different options within the real estate niche. So really, there is something to suit every investor — providing you know where to look. Wholesaling requires relatively little investment on your part, while rehabbing or fix-and-flips entail a greater investment. If you choose to buy and hold, maintaining a property as a rental or lease, then this requires an even larger financial investment. You must consider which option is best for you, your goals, your lifestyle and your ROI objectives.
• Are you willing to develop new skills? Or do you have the existing skills you need to succeed? Success as a real estate investor requires a lot of knowledge and skills, whether you’re working as a wholesaler, a rehabber, a landlord or a fix-and-flipper. You must be willing and ready to actively develop and refine any skills that you’re lacking. If you just don’t have the time or desire, then real estate investing may not be right for you. And remember, these skills and abilities say nothing of the knowledge and strategies that are required to be successful. You’ll need to find time to educate yourself as well.
• Can you take the uncertainty and potentially, stress? As with every business deal, there is a potential that things may go awry. And on occasion, a deal may fall through. Or you could encounter an unexpected twist or delay in the transaction. Are you prepared to handle any uncertainty or stress that can arise from this investment avenue? While no investment option is risk-free or worry-free, certain options like bonds and gold are definitely easier and more hands-off than real estate investing. Although it should be noted that the reward is also less. Some find that they enjoy the dynamic process, even when they have those on-the-edge-of-your-seat moments. It’s really a matter of personal preference.
Learn More About Real Estate Investing With The Bird Dog Program
Is real estate investing something that interests you? If so, getting started can be a challenge. Therefore, you should consider working with a real estate investing mentor like The Short Sale Gal, Kristine Zelazo. When done under the right guidance, you can stand to make significant profits in a real estate investment joint venture. You’ll have lots of advantages in this regard when you enter into a joint venture with a real estate investing and short sale expert like Kristine Zelazo.
Based in Florida, Kristine works with bird dogs, investigators, buyers and sellers. She is an experienced negotiator. So if you’re an investor seeking to get started involved as a bird dog, want to start buying short sales and need a great mentor or wish to pursue a short sale transaction for the sale of your property, turn to Kristine Zelazo, the Short Sale Gal!
Click here to learn more about The Bird Dog Program, or call Kristine at 800.664.0616, x802.