HomeVestors Knows That Beginning Real Estate Investors Are In For A Challenge

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Those who are starting out in the real estate field need to overcome obstacles while acquiring knowledge, financing, and locating deals.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that starting off in the real estate field is the hardest part of the business and those who can get through the first year, while remaining true to their goals, have a chance of making it in the field.  The three biggest hurdles for beginning real estate investors are obtaining the correct knowledge, obtaining the funding necessary and finding properties that can be purchased for way below market value.

Beginning real estate investors will need the time to dedicate to becoming properly educated.   They should take advantage of any free moment in order to learn about the real estate field.  There are many great real estate investor websites that will allow them to get a basic understanding of what works in the industry.

After obtaining a solid base of knowledge, the next step should be to network with others in the field that can bestow real working knowledge onto a beginner.  While many concepts, like buying properties for no money down seem easy on paper, actually performing these feats in the field is a bit more challenging.  Ask professional investors what works for them, as they are bound to point beginning real estate investors in the right direction.

The next step that beginning real estate investors need to tackle is securing the funding required to become involved in the field.  Those who have a respectable credit rating and income should find out if they are eligible to obtain a loan.  They will likely need to supply anywhere between 3.5% and 20% capital down on their investment.  Take the time to become educated regarding the different types of funding options that are available.

Other investors who are considering flipping or rehabbing properties might want to consider obtaining funding from a hard moneylender.  Beginning real estate investors who choose to use this source of capital should understand the amount of interest that is going to be charged on this type of loan.  Those investors who can calculate their costs accurately may benefit from hard moneylenders, if everything goes as planned.

Then, finding the first investment becomes the next course of action for beginning real estate investors.  They should seek out properties that have desperate owners looking for someone to take over their property.  This can allow investors to capitalize on their first deal and gain steam in their budding career.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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