Starting a real estate business in 2020 is a wise move. With a healthy economy and housing market to support your business venture, all the puzzle pieces fall into place to make this a great year to get into real estate investing. But even so, you still need to take it upon yourself to learn how to start a real estate business. There are a lot of different things a beginner real estate investor needs to consider and there are many steps to take- 10 to be exact.
And we’ve outlined all 10 steps in our How to Start a Real Estate Business real estate infographic. The 10 steps in our helpful infographic will take you from the stage of learning real estate all the way to growing your real estate business.
This real estate infographic was created by Venngage Infographic and Timeline Maker.
To learn exactly what you need to do for every step of the process, read our article How to Start a Real Estate Business: A 10-Step Guide. Follow along with our in-depth guide and you’ll be well on your way to buying your first rental property and owning your very own investment property business.
There are two steps that we need to get into now as they are two of the most important steps of starting a real estate investment business:
Step 8: Start Searching for Potential Investments
Step 9: Analyze Your First Investment Property
While we’re not suggesting that you skip Steps 1-7, what we do advise is that you strategize early on to approach these steps in the best way possible. After all, you can’t have a profitable real estate business without, well, profitable real estate property.
To start searching for investment properties for sale, make sure you’ve performed a real estate market analysis and a neighborhood analysis. This will help you find the best places to invest in real estate in 2020. To learn more about these two steps, check out:
How to Research Real Estate Markets
Neighborhood Analysis in Real Estate Investing
Once you find a good location for buying an investment property, use the right real estate investment tools to find property for sale. Start with Mashvisor’s Rental Property Finder. This tool will help you find an investment property with a high return on investment (ROI) time and time again.
Next, use Mashvisor’s Investment Property Calculator to begin Step 9. This tool will help you quickly and, more importantly, accurately perform an investment property analysis using metrics like rental income, cash flow, cash on cash return, cap rate, and rental occupancy rate.
Ready to start your real estate investing business? Sign up to Mashvisor now and get access to all of these tools and more.