Zack Childress Real Estate Investing Tips for Beginners

By Zack Childress | Real Estate

Jun 13

zack-childress-real-estate-tips-beginners

Zack childress real estate investing for beginners was never an easy task. There are numerous companies that sell properties for those who are just starting but the big question will depend on how trustworthy these companies are to help you sort out your goods. Can you entrust these companies with your money and pray that they won’t leave you bankrupt? If you are a beginner, here are five important tips you can follow. These tips will help you figuring out what to do and what to look for when considering the purchase of a specific property from individuals or companies.

Tip 1 – Background check

One of the most important things to look out for in a company is to check if they have a good background record. Many of these companies sprung up just years ago therefore it is quite difficult to determine their status. However, not because certain companies are new in the industry doesn’t mean that it will hinder your attempt. Research on their status, search for testimonials, talk to those who have successfully made business with the company and ask of their performance. Above all, you have to check if the company’s financially sound and stable. You can asses for general information of the company through the web and other resources.

Tip 2 – Expect for Positive Cash Flow

There are companies involved in selling that are good in selling something that is already there. You have to keep an eye on companies like these. You have to know if the property being sold to you will bring profit each month or will it be just another headache. You have to demand concrete proof from the company. Don’t easily agree and sign on that contract just because of the promises of sales talk. Do your own research of the company and not ask for the person’s opinion about it. It is of utmost importance that your decision will depend on the diligence that you invest.

Tip 3 – Asses the area

Before agreeing on the deal, make sure that the area you are about to purchase is a good property. As a beginner, you have to stick to the areas that have good reputation. Areas that have the best reputations are those that don’t financially stack up and rents don’t cover the mortgage. Therefore you have to go with the properties having a very convenient site and figures just don’t stack up. You have to be very careful with individuals and companies wanting to sell properties in specific locations that aren’t fit for “safe” living. Some of these areas have histories of crime, death, drugs, etc. These properties are fine but for beginners, these pose risks. At the meantime, you have to say a big “NO” with these kinds of offers until you have fully developed yourself in estimating your experiences.

Tip 4 – Property affordability

Don’t just say yes because you loved the property, it’s unwise. You have to consider first if it’s affordable. There are companies who specialize in making people want to buy their offer, especially for the beginners. Some companies or individuals will deceive you into thinking that what you are purchasing has no strings attached but then again you will finally realize that you have paid for a nice piece of property that you cannot afford.

Companies and some individuals have their way of luring beginners into a false bargain. Be particular with your decisions. Sometimes, these wonderful real estate investing offers can turn out into worst case scenarios.

Save

Save

Related Posts
ZackChildress.com Hello World 2!
ZackChildress.com Hello World 2!

Hey guys! Welcome to the brand new look to ZackChildress.com. Hold on tight because there is tons of new content Read more

ZackChildress.com Reborn!
ZackChildress.com Reborn!

Hey guys! Welcome to the brand new look to ZackChildress.com. Hold on tight because there is tons of new content Read more

Zack Childress- Welcome to the New “A.R.E.S” Site!
Zack Childress- Welcome to the New “A.R.E.S” Site!

Hey Everyone, I just want to thank each and every one of you guys for sticking around while we were Read more

Zack Childress Foreclosures Off 30% This Year
Zack Childress Foreclosures Off 30% This Year

Zack childress-By Les Christie, staff writerApril 14, 2011: 5:27 AM ET NEW YORK (CNNMoney) - On the surface, the foreclosure Read more

Follow

About the Author

Zack Childress is a 10 year real estate investing veteran. He invests in 7 different markets simultaneously and doesn’t need to travel all the time to these 7 markets because he invests virtually. He’s coined a system where he doesn’t put any cash or credit down for his deals and he can buy and sell the property in just 7 days. You can get more details about this no money down strategy here. http://www.co-wholesaling.com