The real estate investing business is not all about putting your money out there. It is also about the tools and resources you use to better your business. Here is our list of the 8 resources that will change your experience as a real estate investor.
Real estate educational resources
No matter how advanced the technology got, real estate books have remained the number one resource for every real estate investor. Therefore, when it comes to real estate education, books are your best friend. Yes, there is nothing wrong with learning the traditional way. Books are a legacy left by professionals and experts in the field for you to acquire real estate knowledge. Here are some books that will become a game changer for you as a real estate investor:
The Art of the Deal by Donald Trump: Now, despite the political controversy of our president, this book is thought to be one of the best. We all know that Donald Trump is a great real estate investor. He wrote this book to teach real estate investors the art of negotiating a deal. The most interesting aspect of this book is that it uses real life examples to explain the behind-the-scene procedure of negotiations, therefore, making it easier for a real estate investor to understand.
The ABC’s of Real Estate Investing by Ken McElroy: As a beginner real estate investor, this is the book to read. In his book, McElroy will walk you through the basics of real estate investing. Though the author deals with multi-million dollar properties, the concepts are easy to apply even for a startup real estate business.
Build a Rental Property Empire by Mark Ferguson: As the title suggests, this book will help you understand the rental property investing business. It will show you how to buy a rental property. Not only that, it will also teach you how to find a property with the most potential, how to finance it, and how to manage it in order to produce positive cash flow.
Another real estate resource that is important to obtain the real estate education you wish for is real estate websites. There are plenty of websites that are designed especially for experienced or beginner real estate investors. For a beginner real estate investor, there are websites that provide basic real estate knowledge. They will provide you with the most fundamental aspects of real estate investing. Here are a couple of websites that you can use as a beginner real estate investor:
Investopedia: It is one of the most popular and useful websites for every investor. Regardless of what kind of business you are in, it will teach you everything about economics and business establishment. As for a real estate investor, it is a great source to learn the fundamental terminology of real estate.
Mashvisor: When it comes to learning about the best real estate investments and strategies, Mashvisor is the source. With a wide variety of real estate blogs, you will have access to all real estate related subjects. This includes financing methods, buying investment properties, working with real estate agents, and real estate careers. Not only that, you will also learn all about the real estate investing tools that every real estate investor must know in order to build a successful business.
Another important educational real estate resource is courses. There are plenty of real estate courses that are available for a real estate investor to acquire real estate knowledge. Whether you choose an in-class course or an online course, it does not matter. What matters is that there are so many real estate gurus who are willing to share their knowledge with you. Therefore, you must take advantage of that.
Networking is the most direct way of learning and gaining experience. A real estate investor must have other expert real estate investors on his/her contact list. Also, hanging out with real estate professionals and attending events and seminars is a must.
Real estate investing resources
Now that we are past the real estate education point, let us get to the physical stuff. The real estate investing resources are the tools you are going to need in order to build a successful real estate business. These tools are going to help you make the right decisions and, therefore, grow your real estate investing business. So, let us dig straight into them:
Investment property calculator
The investment property calculator is probably one of the most vital tools for every real estate investor in the field. This online tool is the secret to buying the most profitable investment properties. It is basically a tool that investors use to calculate the return on a certain investment property. With this calculator, a real estate investor will be able to conduct accurate real estate market analysis. It will also help him/her perform investment property analysis.
What it does is actually calculate the most important and basic real estate metrics for an investment property. The cap rate, the CoC, and the cash flow are among the most vital figures that determine the potential of an investment property, making the investment property calculator a must-have tool for every real estate investor in the business.
Now that you are done with learning and buying the investment property, you need a platform to list it. But this is, in fact, the part where you have to worry the least. There are plenty of real estate listing websites available for real estate investors. Not only will you be able to list your property, but you will also find great deals there.
Some of the most popular listing websites are Realtor.com, Trulia, Zillow, and, of course, Mashvisor. So what are you waiting for, go ahead and check these out!
Real estate technology
The real estate technology is so advanced these days. This leaves you with no excuse not to use it in order to make your life and business easier. There are many technology resources out there. Security gadgets, for example, are very important. The number one thing that every tenant looks for is safety. No matter how luxurious a rental property is, if it’s not safe, you won’t be able to keep a tenant. Make sure you use security gadgets that will make you and your tenants feel safe and save you money.
Latest news websites
Well, this is also a must for every real estate investor. Even the most experienced real estate investors need such websites. In this way, you will stay up-to-date with all the housing market trends as well as the latest news and regulations.
To learn more about real estate investing, make sure you check out Mashvisor.