SMS Marketing for Real Estate Investors
Carrot Guides: Free guides and resources to help real estate investors and agents improve their marketing and generate more leads.
Real estate investing has been growing steadily over the past decade. It’s become an increasingly popular investment option for both individuals and institutions alike. But while real estate investing is a proven strategy for generating wealth, it’s also a risky venture. That’s why I’m going to share some tips on how to invest in real estate during inflation.
STEP 1: Understand What “Inflation” Is
First things first, let’s define what “inflation” actually is. According to Investopedia, inflation is defined as “a sustained increase in prices across all goods and services.” This definition is pretty straightforward, but it doesn’t tell us much about how we might experience inflation.
STEP 2: Know Where You Live
When it comes to real estate investing, location matters. As a general rule, the closer you live to where you want to buy property, the cheaper it will be. So before you start looking at properties, take a look at where you currently live.
STEP 3: Find Out About Property Values
Now that you know where you live, it’s time to find out about property values. There are two main sources of information: local newspapers and online resources. Newspapers tend to be more accurate, but they don’t cover every neighborhood. Online resources, however, give you access to data from all over the country.
STEP 4: Start Looking For Properties
Once you have your basic research done, it’s finally time to start looking for properties. The best way to do this is by using a realtor or agent who specializes in real estate investing. They can help you narrow down your search based on price, area, etc., and then introduce you to potential buyers.
STEP 5: Negotiate A Deal
If you’re lucky enough to find a buyer, you’ll need to negotiate a deal with them. Negotiation isn’t always easy, so make sure you’ve got a good understanding of the market and your own financial situation before you begin.
STEP 6: Close On Your Purchase
Finally, once you close on your purchase, you’ll have to wait until the next step…