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Learn From Profit Making Techniques of Real Estate Gurus

Aug 17, 2007
Real estate gurus have certain techniques that give them an edge over others. Some of them are listed below and if you follow these guidelines then you can also see your real estate career soar.

Posting fliers can be quite beneficial. So you should post them wherever possible, whether it is in shopping centers, laundromats, colleges, local businesses, churches, public bulletin boards or bowling alleys. In fact you can make this work for you even better by asking questions such as "Do you know where I can find a better deal/property?" etc. You never know when this can come in handy because there are a lot of people out there who might be able to give you leads that will help you to generate more business.

Join all types of organizations. These are good places to network and market your business.

Leave no one out when you look for hot deals on homes, whether it is moving companies, property managers, landscapers, gardeners, the paper boy, mailman, tenants, landlords, neighbors, relocation services, pest control people, service technicians, other investors and even your own relatives, acquaintances and friends.

Make an army of helpers for yourself. Promise a little sum of maybe five hundred dollars if someone can actually give you information that helps in making a good deal. In fact you should give "helpers" your business card so that they can pass these around.

Do not ignore electric, gas and water company personnel when it comes to marketing. They can give information regarding property that is lying vacant by looking into shut utility meters.

Put up advertisement signs at corners which will help in getting name recognition in the area. However check that you can put these up without having a run in with the law.

Be on the lookout for properties advertised by owners themselves. Try to make a deal with them. This is a good prospect for making profit because you get to make a deal directly with the owners.

Look out for property that is foreclosed, seized, has tax sales or is sold for nonprofits or by private auctions, probate attorneys or disinterested heirs. Such properties are usually sold without any care for profits etc. The owner basically wants to quickly dispose of them. So the options of making profit out of these are many.

At first always offer fifteen percent less that what you actually intend to pay. For all you know the sellers might actually accept this. Even if they don't you can still keep on negotiating and raise the stake in small percentages. If the sellers refuse to budge, then you should walk away but see that the final offer stands. You never know, they might contact you later.

It is agreed that this field thrives on competition. But it can pay in the long run if you help someone else out in selling their property. You will be surprised at what you can get in return in the future. This is because the profits are made when property is bought rather than when it is sold and this is something that all real estate gurus know.
About the Author
James Klobasa, once broke with no job and $20,000 in debt made a choice that changed his life forever. That choice was investing in Real Estate. With the founder of, The Little Building Co. you too, can learn at Real-Real Estate Investing
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