22
Getting Started with Real Estate Investing Dani Beit-Or Simply Do It Real Estate Investments September 2012

how to get started with real estate investing

Embed Size (px)

Citation preview

Page 1: how to get started with real estate investing

Getting Started with

Real Estate Investing

Dani Beit-Or

Simply Do It

Real Estate Investments

September 2012

Page 2: how to get started with real estate investing

DISCLAIMER and HOLD HARMLESS

The information in this presentation and the programs they present are for general informational purposes only. They do

not provide legal, business, financial or personal advice related to individual situations and should not be relied on as such.

The educators and presenters of the information and others involved have taken reasonable precautions in the preparation

of the information and believe that what is presented is accurate as of the date it is written and presented. However, they

do not guarantee or warrant that it is accurate, complete, up-to-date or will produce certain financial results. Further, they

assume no responsibility for any errors or omissions and disclaim any liability resulting from the use or application of this

information. All of it is general in nature and may not apply to particular factual or legal circumstances. Laws and

procedures, particularly those relating to real estate, change from country to country, state to state and county to county,

and are subject to differing interpretations. The information is not intended to substitute for obtaining legal advice from

competent, independent legal counsel in the relevant jurisdiction. If you want legal advice, please consult a lawyer. The

presentations are not intended to create and your use of the information presented does not constitute a business or lawyer-

client relationship between you and the presenter, the authors of the information and others involved with the information.

This information is not a substitute for sound business and legal judgment, and you should not act upon any of it without

first confirming that it is appropriate for your situation.

2

Page 3: how to get started with real estate investing

Calendar of Events SEPTEMBER

Understanding Your Credit Score

MT. VIEW CA | Thu Sep 13 7:15 PM | RSVP

Coworking Jelly

CUPERTINO | Wed Sep 19 2:00 PM | RSVP

NEW Location: Step by Step Investing Safely in Residential Real Estate

SAN FRANCISCO | Thu Sep 27 7:00 PM | RSVP

OCTOBER

8 Important Things You Should Know About Real Estate and Taxes in 2012

WEBINAR |Mon Oct 01 6:00 PM (9pm ET) | RSVP

Techniques for Optimizing & Accelerating Your Investments

MT. VIEW CA | Thu Oct 11 7:15 PM | RSVP

Markets & Investment Opportunities Review - Webinar WEBINAR | Tue Oct 16 6:30 PM (9:30pm ET) | RSVP

3

Page 4: how to get started with real estate investing

Topics

• Preliminary actions

• Getting to know yourself

• Suggestions for SUCCESS

4

Page 5: how to get started with real estate investing

Background/About

5

• Investor since 2002

• Out-of-state: AZ, OK, FL, TX, AR, AL, NC, GA

• Single family, land, commercial, rentals and

flips

• Tax liens

• Guided & supported hundreds of investors

• CEO Simply Do It Network

Page 6: how to get started with real estate investing

Dallas

Atlanta

Orlando

Simply Do It Network

6

Page 7: how to get started with real estate investing

Preliminary Activity

7

Page 8: how to get started with real estate investing

Resource

Step by Step Investing Safely in Residential Real Estate

Part 1

Step by Step Investing Safely in Residential Real Estate

Part 2

8

Connectrei.com/video

Page 9: how to get started with real estate investing

Choosing a Strategy

• Locally or out-of-state

• Residential or commercial

• Cash or financing

• Lower or higher risk

• Short or long term

• Rental or flips

• Land or built

9

Page 10: how to get started with real estate investing

Questions You Should Be Asking Yourself

• How much funds do you have?

• What’s the source of the funds?

• Do I have a rainy day fund?

• Do you have a rainy-day fund?

• How free/busy are you?

• Do you want to be actively or passively involved?

• Can you get a loan?

• What are you trying to accomplish?

. . .

10

Page 11: how to get started with real estate investing

Questions You Should Be Asking Yourself

. . . • What are your concerns:

– Vacancy, mortgage, will it go up or down, will it rent,

can I trust the property manager,

• Can I analyze a deal?

• Do I understand the risks that are involved?

• Do you have an exit strategy/ies?

• Am I a doer – will be able to pull the trigger when the time

is right?

• Know you investment criteria

11

Page 12: how to get started with real estate investing

Setting Your Team

• Agent

• Property Manager

• Mortgage Broker

• Contractor

• Attorney

• Title or Escrow Company

• Insurance Agent

• CPA

• Mentor / network

12

Page 13: how to get started with real estate investing

Timing

• Prices

• Rate

• Rental markets

• Inventory

13

Page 14: how to get started with real estate investing

Mindset

• Be Proactive

• Pull the trigger

• Set a date to buy a property

• Avoid analysis paralysis

• Start making mistakes or better yet use

others who have already made

mistakes

14

Page 15: how to get started with real estate investing

15

Page 16: how to get started with real estate investing

16

Page 17: how to get started with real estate investing

17

Page 18: how to get started with real estate investing

18

Page 19: how to get started with real estate investing

19

Page 21: how to get started with real estate investing

CONTACT INFO

Dani Beit-Or

[email protected]

@simplydoit

www.simplydoit.net

Investment properties: www.connectrei.com

Educational videos: www.connectrei.com/video 21

Page 22: how to get started with real estate investing

FAQ

• LLC / asset protection

• Who will manage it?

• Will it rent?

• I don’t have money how can I start?

22