Real Estate Investment for Beginners Ebook

About The Author Sal Vanutinni

Sal Vannutini has successfully renovated real estate for personal and investment purposes for over 10 years.

His love of renovating has allowed him to secure financial freedom by the age of 40, and at the time of writing, he is retired from his "real job", and spends his time renovating for fun and profit, as well as hanging out with his wife and children.

Sal's experience also comes as a result of 11 years in the real estate profession where he has witnessed what works, and what doesn't work when remodeling a home, and the effect this can have on the eventual selling price; as well as his "in the trenches" experiences as a full time renovator.

He is also an international author and highly respected speaker on the topic of investing in fixer-uppers. Sal's published works include: Renovate For Profit; Fixer-Upper Fortunes; and his #1 selling online home study course- "How To Make Big Profits Fixing Up Houses: Quickly", and his exclusive foreclosure investment software "Foreclosure Wizard".

Visit www.fastfixerupperprofits.com and learn a proven step-by-step system for making a fortune in real estate. Subscribe to the Fixer-Upper Fortunes newsletter and also get your 6 Part mini-course "The 7 Golden Rules of Fixer-Upper Fortunes; and Fast-Fixer Profits e-book. Visit www.foreclosurewizard.com and get your special report "How To Make Real Cash In Foreclosures" and download your free trial version of this simple to use investor software.

Table of Contents

Introduction
Getting Started

• Use Private Investors to Kick-start Your First Deals
• Get Started Early. The Best Time is Now
• Believe in Yourself
• Listen Wisely
• Take Action
• Become Involved with other Investors
• Make the Right Partnerships
• Educate Yourself
• Invest with Little or No Cash
• View it as a Business
• Set Goals
• Become a Specialist in Your Geographic Area
• Start a Positive Cash Flow from Day One
• Put Your Knowledge and Education to Use
• Plan and then Put Your Plan into Action
• Follow-Up
• Be Accessible
• Have Realistic Expectations
• Establish Lender Relationships
• Maintain a Sufficient Cash Flow
• Develop a Business Plan
• Understand Property Values
• Exhibit Confidence
• Understand the Anatomy of a Real Estate Deal
• Keep to Your Word
• Only Make Promises Which You Can Keep
• Ask Questions

Buying

• Check the Legal Status of Each Property
• ALWAYS Make a Thorough Inspection of the Property
• Spend your Time on the Right Properties
• Calculate Your Ideal Purchase Price
• Understand the Difference Between Profitable and Expensive
• Understand the Makeup of a Good Neighborhood
• Consider the Layout
• Look at the Big Picture
• Buy Below Market Value
• View a Property Before Making an Offer
• Don't Take, "No" for an Answer
• Only Deal with Sellers that are Motivated to Sell
• Verify Information and Numbers
• Set Aside Preconceived Ideas
• Use a Mix of Funds
• Structure More than One Purchase Offer
• Buy Low
• Obtain Legal Advice
• Utilize Various Financing Methods
• Avoid Weasel Clauses and Too Many Contingencies
• Take it Slow and Easy
• Think Like a Homeowner

Renovating

• Develop a Timeframe and Stick to It
• Outsource the Repair Work
• Spend your Time Where it Counts
• Make Necessary Repairs
• Limiting Repairs
• Correctly Estimate Renovation Time
• Remain Objective
• Stick to Your Budget
• Do it Right
• Add Curb Appeal
• Hire Professionals
• Obtain a Professional Inspection

Selling

• Set a Minimum Profit Target on Each Deal
• Research the Market
• Check on Licenses or Permits
• Understand What You're Selling
• Use a Property Manager
• Use Lease Options
• Understand the "as is" Value
• Understand the Advantages and Disadvantages to Flipping vs. Holding
• Make Correct Estimates on Repair Costs
• Maintain a Personal and Emotional Distance
• Make Accurate Profit Estimations
• Maintain Sufficient Insurance
• Select Qualified Tenants
• Retain ALL Your Receipts
• Take Advantage of Tax Savings
• Select the Right Agent
• Research the Market before you Buy
• Be Realistic about Your Ideal Price
• Understand the Factors that Affect the Sales Price

Lack of Action - Procrastination

• Avoid Delays
• Avoid Procrastination
• Plan and then Move On
• Conquer your Fear
• Liquidate Property When you Can't Afford It

Taking Care of Business

• Set up a Database
• Hire an Accountant/Book-keeper
• Be Prepared to Spend Money to Make Money
• Maintain your Values
• Set up a Team of Experts
• Use Leverage
• Be Willing to Accept Help
• Understand Equity
• Develop a Marketing Plan
• Network
• Use Direct Mail
• Replace Hope with Planning
• Be Willing to Discover
• Plan for the Future
• Use Other People's Time
• Be Persistent
• Have a Plan B

Conclusion