Real Estate Investor Training
Hello to You!
Below you will read the EHow.com article regarding How to Become a Real Estate Investor. We at Prudential California Realty, Mission Hills can guide you through this process. We are highly skilled and continuously work to understand new concepts introduced into Real Estate today. The market today offers you, in some cases, the ability to not only realize break-even opportunities but immediate positive cash flow at the close of escrow. It is truly an amazing time for investors.
Real estate investment requires you to understand real estate rules, laws and regulations for the area where you're investing, as well as the trends in the local real estate market that can positively or negatively affect your return on investment when you sell the piece of real estate. Having this knowledge and understanding before investing in real estate helps you to maximize the return on your investment by making buying and selling decisions that leverage your investment funds.
Training Choices
1. There are a plethora of choices for real estate training, from colleges and institutes to online courses, books, e-books, CDs and DVDs. You can tap into real estate investor coaches, mentors, training videos, seminars and workshops, as well as television infomercial programs and courses. For example, McGraw-Hill, one of the biggest publishers of educational textbooks, offers a 36-hour real estate investor course (see Resources). The University of Phoenix, which is an accredited college, offers a real estate investment class, which provides information on ways to analyze real estate investments, including financing techniques, real estate tax considerations and the criteria to consider when assessing real estate in today's economic environment.
Research Your Training Options
2. While a flashy television commercial or a well-written website landing page may boast a real estate investor training program is "the best," don't take the company's word for it. Research any real estate investing program before sending any money. Search the company website for real estate organizations and associations that the company is a member of that you might be interested in. Contact the organizations the company is a member of, verify membership and ask for references. Find out what the organization requires for membership---some organizations conduct background checks on members, checking for a business license and that the company is in good standing in the state they operate in by contacting the state attorney general's office.
The real estate division of the state you intend on investing in is another viable source for real estate investment education information: This is the department that issues licenses to real estate professionals for the state. A money-back guarantee is something else you can look for from a training program to ensure credibility.
National REIA
3. Increase your knowledge on investing in real estate while also growing your network by joining the National Real Estate Investors Association (National REIA), a nonprofit trade association serving the real estate investment industry. The National REIA keeps investors up to date on legislation, funding and education related to the real estate investing industry. Joining the organization requires a membership fee.
What to Look for in a Training Program
4. Every real estate investor training program is different, but make sure to look for a program that teaches you a broad range of courses, from how to understand appreciation, taxes, leverage, depreciation and cash flow to how to make home enhancements to increase property values. The best training involves a combination of classroom and hands-on training.
Common Sense
5. Beware of real estate investor training scams. Don't fall for get-rich-quick schemes, training that makes promises it clearly cannot keep (e.g., claiming you can make millions of dollars in just a few months), or programs that have bad reputations. While there aren't any rating systems for real estate investing courses and programs, you can use information from a particular company's website, such as testimonials and affiliations with associations.
Review a course, ebook, book or other real estate investing source's website and search for testimonials of others who have taken the course or utilized the program's information. Testimonials typically list a person's name and company name, where applicable. Follow up on these testimonials by contacting the person.
You can also contact the Better Business Bureau (BBB) to find out if the company is registered with the BBB and if any complaints have been lodged against the company. Real estate investing forums are also a good place to figure out if a company is legitimate or a scam. You can post a question asking for anyone who has utilized the real estate investing course or information to provide you with feedback, or search real estate investing forums for information on the course or information source you're considering.
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