Beginner Investors 6 Golden Rules of Intelligent Investing in Property by Stella Ryne October 9, 2019March 4, 2020 by Stella Ryne October 9, 2019March 4, 2020 Real estate is one of the safest things you can invest in right now. However, it still requires some strategy and planning before it can make good returns. Experienced real estate investors follow a certain set of rules which help them make good decisions when investing in property in the real estate market. Here are some that you should keep in mind. 1. Think with your own head A big part of investing is doing your own research and making your own decision. Too many amateur real estate investors get caught up in herd mentality. When your close friends and family members are all making similar decisions, it’s tempting to consider these decisions right. After all, what do you know that they don’t? The truth is, a lot of people don’t do their due diligence when researching investing options. Just because individuals in your surroundings are making certain investment decisions doesn’t mean you should as well. Trust your own research before anything else. 2. What goes around comes around Investing in property is never a one-way street. You can’t invest the bare minimum of your time and effort and expect to see extraordinary results. You won’t encounter an automatic cash cow even if you’re a top-notch investor. You have to take some risks and work towards getting that money. Don’t let your investment property sit idle and unchanged. You need to invest in it to increase its value. Constantly make improvements that will attract prospective buyers and renters. Related: 11 Home Renovation Tips to Increase the Value of Your Investment Property 3. Invest only your surplus You should never treat your real estate investments as a sure thing. Something can always go wrong and set you back weeks or months. Many investors make the mistake of treating investment like a gamble. They use essential funds to try and end up ahead after investing in an asset. Any investment decision that can leave you in a bad financial state is not a good decision. Always use your surplus funds to make investments. This way you never have to worry about going in the red from a bad investment. 4. Keep your eyes peeled The greatest asset a real estate investor can have is information. Your ability to scout out the real estate market and predict changes is determined by how well you can find relevant information. Events that happen half a world away can impact the market you’ve invested in. You have to recognize relevant information when it presents itself. Keep your eyes peeled and make sure you’re reading the right sources. This will help ensure intelligent investing in property. Start with Mashvisor’s real estate market reports to learn what is happening in major US markets. 5. Don’t try to time it Nobody has ever consistently timed the housing market without having inside sources. Such a thing isn’t even possible. Catching tops and bottoms remains a myth that is perpetuated by people trying to sell you a book. Instead, you should use your knowledge to look for real estate investments that seem worthwhile. Try your best to find an investment property that will increase in worth over time, no matter how the market is fluctuating. 6. Turn down the noise Depending on who you ask, real estate is either a surefire thing or a chaotic and uncertain mess. It seems like every day there’s some kind of new craze or fearmongering going around. The news reports one thing and the numbers show something entirely different. You should tune out the noise surrounding investment options. Most of it is speculation and you shouldn’t worry about it. Stick to your own sources and tread carefully as ever. Conclusion Real estate is one of the better options you can choose from when investing. If done properly, you can see some very good returns after a while. It’s important that real estate investors make good decisions that will benefit their portfolio in the long run. Everything in the middle is just unnecessary noise that needs to be tuned oud. Start investing in property now using Mashvisor’s tools. This article has been contributed by Stella Ryne. Start Your Investment Property Search! START FREE TRIAL Guest Blogs 0 FacebookTwitterGoogle +PinterestLinkedin Stella Ryne Stella Ryne is an art historian, traveller, conscious consumer and a proud mother. When she is not trying to improve the things around her (and herself, for that matter), she likes to lose herself in a good book. She’s deeply into green practices, cherishing the notion that sustainable living and sustainable travel will not only make us far less dependent on others regarding the dwellings we inhabit and what we eat, but also contribute to our planet being a better place to live on. Stay in touch with Stella via Twitter and Facebook. Previous Post 6 Best Rental Property Management Apps for 2020 Next Post Best Cash Flow Investments in Real Estate: How to Find Them Related Posts How Long Are Appraisals Good For? Are You Ready for Buying an Investment Property? The 10 Things That Everyone Should Know About Real Estate Investing Is Real Estate a Liquid Investment? Can you use FHA loan for investment property financing? A Beginner Real Estate Investor’s Guide to Investing in a Duplex Buying Your First Rental Property: Don’t Make the Following Mistakes Foreclosure Process: What It Is and How Investors Can Avoid It 7 Pitfalls of Buying an Investment Property to Rent (And How to Avoid Them) 25 Real Estate Investing Terms Every Beginner Should Know Start Investing with Your First Real Estate Property Real estate investing for beginners: The most important terms in the business Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.