Pro tips: new real estate investors
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Transcript of Pro tips: new real estate investors
![Page 1: Pro tips: new real estate investors](https://reader035.fdocuments.net/reader035/viewer/2022071907/55ca9256bb61ebdc308b45c3/html5/thumbnails/1.jpg)
Pro tips for New Real Estate Investors
by: Kevin Brunnock
![Page 2: Pro tips: new real estate investors](https://reader035.fdocuments.net/reader035/viewer/2022071907/55ca9256bb61ebdc308b45c3/html5/thumbnails/2.jpg)
Pro tips for New Real Estate Investors by: Kevin Brunnock
Plan Ahead
• This is a business, treat it accordingly. • Do your research. • Draft a solid business plan. • Outline your goals for the next 10 years. • Break down goals into 2 to 3 year phases. • Write out how you will accomplish these.
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Pro tips for New Real Estate Investors by: Kevin Brunnock
What’s your Credit Story?
• Look up your own credit report to determine your eligibility and ability to finance a property.
• Lenders usually accept a score of 700 or higher FICO scores from those looking to purchase investment property.
• Calculate your debt vs monthly income ratio . • If it’s too high, evaluate your budget, • Pay down any outstanding debts or loans.
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Pro tips for New Real Estate Investors by: Kevin Brunnock
Location Research
• No need to stay too close to home when considering investment properties.
• Don’t limit your options by thinking you need to live near your new property.
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Pro tips for New Real Estate Investors by: Kevin Brunnock
Connect
• Get involved with the local real-estate community
• Talk to local accredited mortgage broker. • Ask a certified realtor for recommendations. • Join a real estate club, • Take your friends that work in real estate out to
lunch, • Join online real-estate forums. • Engage with people currently in the industry, so
that you can get a better sense of the landscape.
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Pro tips for New Real Estate Investors by: Kevin Brunnock
Mix it Up
• Diversify how you find properties for purchase. • Launch your search in multiple avenues. • Real estate auctions, word of mouth and more
traditional multi-listing sites are a great place to start. Use your network and some creativity!
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Pro tips for New Real Estate Investors by: Kevin Brunnock
Mix it Up with:
• Real estate auctions • word of mouth • traditional multi-listing sites • Use your network and get creative!
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Pro tips for New Real Estate Investors by: Kevin Brunnock
Now the real work begins!
For more information, visit:
kevinbrunnock.org