Do you have what it takes to be a prosperous real estate investor? All of a sudden, everyone seems to be interested in real estate investment. Why? Because people have now recognized its long term potential and now want a piece of the action. Though Real Estate is a lucrative business to venture in, few are willing to make that first step- buy a property. Some of the people have the money but lack the knowledge, while fear and doubt engulf others, and can’t commit themselves to the processes involved for one to be successful.
Glennda Baker LeBlanc is a licensed Atlanta Georgia Real Estate Broker. This lady heralded as “the ambassador of the American dream” is the founder and CEO of Glennda Baker & Associates– a company that strives to provide a roster of top tier services for their clients, whether buying, leasing or selling. The company helps market your home, find a home, or relocate. Glennda has been an active real estate investor for a whopping two decades and a half and is still counting. She self-manages all her properties with great passion.
The following Glennda’s guide will help you be a successful real estate investor within a short period.
Overcome Your Real Estate Investment Fear
Fear is a disease mostly synonymous with first-time real estate investors that the majority never make a step. Hence, you need to engage other real estate investors in a conversation about your fears and concerns. You can question and note down their experience, failures, and challenges and how they overcame them.
Likewise, for Glennda, she had to seek more knowledge to overcome her fears. It was just after her divorce that she decided to sign up for her broker’s class. These classes gave her the confidence to start her own real estate company out of her home.
Some of the most common fears in real estate investment are usually
- Owning a non-appreciating property
- Inability to withstand a setback
- Purchasing an “alligator” property
- Getting sued
- Unforeseen catastrophe among other fears
It is always advisable to write down all your worries and address each concern at a time.
Treat Your Real Estate Investing As Your Life
Real estate businesses thrive if they adapt and adjust to market conditions. Therefore you need to teach yourself how to stay ahead of the competition and keep up the marketplace. It would be best if you also built long term mutually beneficial relationships. But to achieve this milestone, you not only need to treat your real estate as a business but as your own life.
Glennda has taken real estate as her life. She makes her clients become her friends and also her family. Her clients raise their families in houses Glennda sells them. The homes Glennda sells them have become the backdrop to the memories of their lives. She has made it her life commitment to ensure that her client’s homes sell for the most money in the least time. Glennda has transformed her mindset to think nothing else but real estate. All her life revolves around the real estate business. She does it with vitality and love like never before. Through making real estate her life, she has managed to increase her income from selling 38 houses to 68 houses in just a single year.
Real Estate Is Always a Good Investment
The best thing about real estate investment is that you get more “bang for your buck.” Unlike stock investment, real estate creates a better return, even if the interest in the market is higher than home appreciation rates. Some of the benefits of real estate investment include:
- Tax advantage– You can deduct for; property taxes, insurance, mortgage interest, maintenance, repairs, depreciation, property losses, and tax credits.
- Depreciation– while your property appreciates in the market, you depreciate a portion of it to tax purposes
- Population Increase-More renters- as people increase in number, they will always want to have a place to reside.
Final Thoughts
If you are new to real estate investment or want more knowledge concerning real estate business, this practical guide will provide you with essential information so that you avoid costly mistakes. You can also hook up to Glennda Baker LeBlanc for more information and guidance on how to get started. She will be able to help you understand the common mistakes the first time investors make and also help you know what strategies work best for you. How to put in an offer that protects you and how to avoid getting “reamed” before and after closing.