Beginner Investment Guide Elmhurst NY

For beginners, real estate investing is never a walk in the park. It has a lot of risks. There are numerous companies that sell property investments for novices but the question would strike you with the trust that they impose.

Local Companies

Joel Isaacson
Joel Isaacson & Co., LLC

(212) 302-6300
546 Fifth Avenue, 20th Floor
New York, NY
Anthony DeVito
ADV Investment Management & Financial Planning

(914) 738-6313
500 Mamaroneck Avenue
Harrison, NY
George Martin Poole
HFH Planning Inc

(212) 402-5444
75 Maiden Lane #605
New York, NY
James Ludwick
MainStreet Financial Planning, Inc.

917-320-5460
1440 Broadway, 23rd Floor
New York City, NY
Darin Schnall
Schnall Advisory Services

(212) 967-6155
350 Fifth Avenue, Suite 3505
New York, NY
Robert Ince
Tribeca Financial Planning LLC

(212) 406-3616
79 Worth Street, 4F
New York, NY
Keith Amburgey
Rutherford Asset Planning, Inc.

201-266-6807
2 Lambs Lane
Cresskill, NJ
Cary Carbonaro
Stonegate Wealth Management, LLC

201 791 0085
11 Penn Plaza
New York City, NY
Joyce Streithorst
Frisch Financial Group, Inc.

212-983-8444
100 Park Avenue, Suite 1600
New York, NY
Roman Franklin
Franklin Financial Planning, Inc.

866-653-9907
48 Wall Street (Financial District)
New York, NY
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Beginner’s Guide: What to Avoid in Real Estate Investing

Author: Charles Petty

For beginners, real estate investing is never a walk in the park. It has a lot of risks. There are numerous companies that sell property investments for novices but the question would strike you with the trust that they impose. This is a beginner's investment guide for one to realize the things that he or she needs to say "no" to and what should be regarded as false reassurances.

Tip 1 - Scout the area

Before investing in a property, you must first asses the area. Does it have every inch of it being desirable for a family, a couple or an individual to live in? For beginners, you must first try to settle on the ones that's "safe". Ignore those that have risks attached to it. Stick to the properties with good reputation. Areas having good reputations will not cover any mortgage therefore looking for an area where figures do stack up is more appropriate. You have to be very careful with individuals and companies who indulge in selling properties that looks ancient or having lots of deserted houses or was known to be an area having illegal activities like drug trafficking and so on. These kinds of properties are fine but if you don't have any kind of background yet, stick to the safest areas offered.

Tip 2 - Trust no one

Ask yourself this - do I have the money to afford the property of my choice? Commissions come in huge packages. Individuals or companies have ways of creatively getting your attention and dodging you into agreeing with their offer. Some of the truths are hidden lies that often make you think that you can afford a particular property where in fact, it will lead you to bankruptcy. If you think you can't afford the property, don't accept the offer. Turn it down. You will have a certain gut feeling about this, rest assured. Don't be easily swept with seemingly wise words and sweet nothings. Follow your own pace. However, pushing yourself to achieving your goals will lead you in achieving learning and development.

Tip 3 - Ask

Don't be afraid to pop out a question especially for those who are saying so much. If an agent or a certain individual offers you something, ask the person if he or she has invested in the property that he or she is offering. If they have, then, it proves that the property is and will be a good investment. But if they haven't invested in anything that they claim, pop another question. Sometimes, what companies and agents offer will speak for themselves. Think, if what they offer are so fantastic, then why haven't they invested on it? Until they have satisfied your questions, might as well turn down the offer.

Tip 4 - Be on your guard

There are a lot of people who will go into such lengths such as fooling other people for their benefit. You shouldn't be fooled by what companies claim about property masters or gurus for these may lure you into believing nothing. In real estate investing, you have to always be on your guard to avoid certain decisions that can lead you into a predicament.

Following these simple tips will definitely guide you into having a more profitable and risk-free deal. These tips will give you a head start.


About the Author:

Charles and Kim Petty are the King and Queen of Virtual Real Estate. For a FREE Special Report and Video from Charles and Kim Petty and to set up a one on one strategy session on how you too can make Six or Seven Figures A Year Buying and Selling Properties all across the USA &abroad;in TODAY’s Real Estate Market go to http://www.VirtualRealEstateInvestingProfits.com or call 1-800-311-9228.

Article Source: http://www.articlesbase.com/real-estate-articles/beginners-guide-what-to-avoid-in-real-estate-investing-835151.html

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