Real estate investment is becoming the largest global asset class as more people start to lock their wealth into properties than any other asset.
Investing in real estate is often considered a simple and lucrative business, along with the fact you really can make huge profits; however, this will require a specific skill set. If you cannot rely on any prior skills to help you make profitable investments, you should take the time to learn from the experts.
In the following article, we will help you get professional guidance from some of the most successful real estate investors so you can get a head start and overtake your competitors. So if you are interested in getting up and running with real estate investing, keep on reading, and you will learn some valuable insights that will come in handy once you start doing business.
Our Top Picks Of Real Estate Investment Companies
- Lex Levinrad: Overall Best for Real Estate Investment, Editor’s Choice
- Property M.O.B.: Most Popular for Real Estate Investing on the Market
- Foreclosure: Foremost Real Estate Trading
#1. Lex Levinrad: Overall Best for Real Estate Investment, Editor’s Choice
Lex Levinrad is a real estate expert that has been successfully flipping houses for almost 20 years. As a professional in the field, Lex is now sharing its professional expertise through the online real estate investment trusts.
Lex Levinrad offers a couple of boot camps to get you up and running with investment property. You will learn how to flip houses fast to maximize your rental income profit while minimizing the time and money investment through the various teaching programs. The boot camps take place through live events, but you can watch the videos online if you like.
- Boot Camps
Lex Levinard’s boot camps will help you get started with different aspects of real estate investing. Through the exciting boot camps, you will get the chance to learn more about wholesaling, fixing, and flipping houses, foreclosures and bank-owned properties, short-term rentals, and Airbnb businesses.
Boot camps take place during bus trips when you visit a couple of properties that you can flip. Every subscription gives you a ticket to the bus tour and boot camp tour, one year of unlimited email support, one year of access to the online training platform, home study courses, audio CD sets with tapped tutorials, etc.
If you do not want to wait in line for the next live events, you can get a glimpse of Lex Levinrad’s knowledge through its online podcasts. Through the podcasts series, you will get real-life knowledge about flipping your first property, understanding after repair value, investing in distressed real estate, and so much more. Through these podcasts, you will learn to understand and value the real potential of properties to make a well-informed decision on whether to wholesale, flix, flip, or landlord the asset.
- Professional training from experienced real estate investor
- Vast history on the market, with over 1,000 successful flips
- Recognized motivational and real estate speaker has written seven on-topic books
- Vast choice of real estate boot camps on a variety of topics
- The waiting line for some live events is up to five months
Why Do We Recommend It?
Lex Levinrad is an active property investor that relentlessly upgrades his knowledge and experience with property investment. Over the years, he gained real-life experience with house flipping and has worked on over 1,000 properties. His most successful story is the Lex Real Estate Group, which flips up 20 properties a month.
On Lex’s training platform, you will find all sorts of online content that will help you get introduced to property investment. The live tutorials will get you up and running in the industry, but if you want a real-life experience, you can sign up for some of the boot camps or real estate investment groups, get the chance to visit properties that have flipping potential, and get a chance to learn from one of the market leaders.
#2. Property M.O.B.: Most Popular for Real Estate Investing on the Market
Property M.O.B. is a dedicated learning platform that will help you gain valuable knowledge about real estate wholesale. The platform features online courses tutored by a network of real estate professionals with vast experience in the field. All courses are professionally outlined and organized so you can grasp the topics gradually.
Apart from the fundamental topics like finding and fixing properties on Property M.O.B., you will get into more advanced techniques that will help you take advantage of the internet. You will learn how to automate important processes and market your real estate on social media.
- Vast Library of Courses
Property M.O.B. offers you access to over 30 courses from real estate experts neatly loaded on a single platform. The Wholesaling Training Academy allows you to learn at your own pace, so you can enroll and follow different courses whenever you have the time. After finishing all courses, you will get certified as a Real Estate Wholesaler of Completion.
After joining the course, you will get the chance to become a member of the Property M.O.B. community and exchange information and experiences with real estate investors. You will also get written materials and action plans that will help you keep track of the learning process. Some of the courses are interactive and will allow you to test your progress by answering short quizzes.
- Virtual Assistants
If you are not ready to get started with property investment on your own, Property M.O.B. offers a network of real estate virtual assistants that will help you close 200% more deals. All virtual assistants have finished the real estate training academy and have experience with organizing, automation, and scaling businesses to help maximize your profit.
- Access to over 30 courses at an affordable price
- Expert advice on marketing and automation for real estate wholesalers
- A vast network of virtual assistants that can help your business excel
- Free access to informational articles that will help you get introduced to real estate wholesaling
- Does not offer any live events or training
Why Do We Recommend It?
Property M.O.B. is an excellent platform to get you up and running with real estate wholesaling online. The service offers online courses that will help you tackle basic investment concepts and guide you through more advanced topics to take advantage of online mediums and reach a broader customer base.
All courses are offered at a pretty reasonable price. If you are committed to learning all the important aspects of wholesaling, you can get an excellent discount for enrolling in the academy and access to all the courses. After completion, you will get accredited as a Real Estate Wholesaler.
#3. Foreclosure: Foremost Real Estate Trading
Last on our list of the best real estate investment sites is Foreclosure. After tackling the basics of property investments, you will definitely need a reliable marketplace like Foreclosure to buy and flip houses.
Foreclosure is one of the largest marketplaces for distressed properties with foreclosure, bankruptcy, and tax lien listings across the United States. The platform is simple and accessible and allows you to browse through various types of properties in a single place. It gets listings from hundreds of foreclosing lenders, government agencies, and corporate sellers directly. The extensive network is topped up with cutting-edge technology that verifies all information so you can get access to reliable and accurate property listings.
- Foreclosure Updates
Foreclosure features a neat little tool that will help you get updated about new foreclosures in your area. You can add multiple different zip codes and get instant updates when a new listing is available. That way, you can stay ahead of the competition, be the first to check out exciting properties, and get them while they are still at a lower price.
- Mass Coverage
The real estate marketplace lets you discover real estate opportunities in city centers and rural areas. So, whether you are looking for a quick flip or a complete makeover of a vacation rental, you can find a property to fit your needs. The platform features nearly two million listings, so you can definitely find popular options and hidden gems.
- Specific Search
If you are looking for something a little more specific, you can find it on Foreclosure within just a few minutes. The platform features a neat filtering tool that will help you find exactly what you are looking for. You can add filters like price range, number of beds and baths, property and listing type, etc. Additionally, you can also search through the map and find properties in particular areas.
- Extensive national database of foreclosure properties
- Free 7-day preview subscription
- Affordable monthly subscriptions
- Excellent place to flip cheap homes
- Variety of pre-foreclosures, foreclosures, auction properties, bankruptcies, and properties owned by government agencies and corporate sellers
- Features a learning center and a scholarship program
- Some users have reported data inaccuracies
Why Do We Recommend It?
Foreclosure is one of the most reliable and popular real estate marketplaces in the United States. The platform provides real estate listings from various sources to give you a diversified offer of properties with real flipping potential. It offers an incredible opportunity to buy cheap and city-owned homes throughout the states, featuring properties in both urban and rural areas.
With nearly two million listings available, Foreclosure is definitely worth checking out. The impeccable platform allows you to filter your options until you get the desired results, so you can get started with flipping your next home immediately.
Guide for Beginners Who Are Investing in Real Estate
If you are eager to learn a little more and dip your toe into the pool of real estate to make some profit, you will have to get some professional assistance along the way.
The first thing you will need to do is find a reliable training service to help you grasp the basics of real estate investments. Sites like Lex Levinrad and Property M.O.B. have extensive experience in the field and will help you get valuable insights about all the essential aspects of buying and flipping properties. Through property investment courses, you will accumulate the professional experience of successful property investors that will come in handy as soon as you start flipping houses.
After you find a prosperous course and complete it, you can get to the fun part and start investing. Then, you will need a reliable real estate marketplace to find properties that could make you a profit. We suggest you start with a platform that offers broad coverage so you can explore various options to find something with great potential. Remember to be careful with your decisions and do not rush into an investment without conducting a thorough analysis.
You should know that property investment is a high-risk adventure, so if you are looking to lower your exposure to failure, take a look at the following guide.
How to Lower the Risks of Real Estate Investors
Property investment can be a profitable but also a high-risk business. If you are looking to stay on the safe side, you can do a couple of things to avoid unlucrative investments.
You cannot expect to make a massive flip on your first try. Therefore, it is very important that you stay reasonable and start small. Your first property should be something on a smaller scale, in a familiar neighborhood, and in reasonable condition. After gaining experience with easier flips, you can start building your portfolio and engage in more challenging flips.
Invest in Different Ways
There are many different ways to invest in real estate, so use your creativity to make a mix of different strategies. You can invest in one property because of its raw cash potential while finding another one that will require slight fixes to unlock its full potential for better profit. You can also mix up the type of properties you invest in and consider both residential real estate, commercial real estate properties, and even vacant land.
By experimenting with different strategies, you can find what works best for you and what is most profitable and stick to that approach.
Invest in Different Areas
Many financial factors influence the real estate market, so some areas have more real estate investing potential than others. The best place for your next investment should be in a city with inexpensive housing and high potential upside. But, you can never have a guarantee that it will be worth your while, so you have to mix up the locations and invest in different cities or neighborhoods.
Hire a Property Manager
Although it may seem like you can do all the work yourself, getting professional assistance can be very beneficial. A property manager from a property management company can help you identify the pros and cons of your current and future other real estate investments and handle other responsibilities, like marketing and repairing the properties.
FAQs: How to Get Into Real Estate
Q1. Do I Have to Get a Real Estate License to Start Investing?
Although it is not necessary to be licensed to start investing in real estate, a license could be beneficial for many reasons. First of all, it gives you unlimited access to MLS properties. Being a licensed real estate agent will save you a portion of the profit you would otherwise have to share with the agent you would be working with. On the other side, a real estate license also comes with a fee, and you will have to invest time and money to get one. Licensed real estate agents also get access to networking channels that are vital if you want to score great deals.
Therefore, getting a real estate license is entirely up to your preferences and the way you want to do business. If you are more comfortable working with another agent, you can pass on the licensing process. However, if you prefer to work independently, you will need to get a license.
Q2. What Is an After Repair Value?
An ARV, or after repair value, is the property’s future value. Real estate investors use ARV to determine whether a specific property has the potential to bring profit. To determine the ARV, you have to consider the price of the property, the cost of repairs needed, and estimate whether the ARV will be greater than your total costs. If the ARV is not at least 10% higher than the total costs, your profit will be minimal.
Q3. What Are Real Estate Exit Strategies?
Before you start investing in real estate, you have to compile an exit strategy. There are three major exit strategies you should concentrate on: wholesaling, rehabbing, and renting. They all have their pros and cons, so the decision is entirely up to you to make.
Wholesaling is a great exit strategy for investors that want to close a deal fast. But if you are more of a project person and a DIY-er, you can go with rehabbing and transforming the property with your creativity. On the other hand, rental properties are an excellent way to build long-term wealth and financial security.
Q4. How Can I Find Leads for My First Flip?
In the age of technology, the internet and social media are the best way for investors to find leads. You will have to make a good marketing strategy and broaden your influence on social media. Create brand profiles on multiple networks to advertise your brand and services. Content marketing is a great way to reach a broader audience and attract potential customers to look into your properties.
Creating original and visually appealing content will separate you from other investors and help you attract more buyers. To level up your marketing game, consider hiring a professional photographer to take pictures of the properties so you can advertise them online. With internet marketing for real estate, the possibilities are endless. So, your choice ultimately depends on how much time and money you are willing to spend.
Q5. Can I Start Investing in Real Estate with No Money?
Investing in real estate will require funding. However, that does not mean that it has to come out of your pocket. Many successful investors have started with little funding and worked their way up as they started making a profit. You can start investing in properties while borrowing money from financial institutions or private lenders.
But, regardless if you are working with your own money or relying on a loan, you should be aware that property investment is a risky business. As such, make sure you are well-informed about all the risks you are taking before you start investing.
Q6. Do Real Estate Investors Get Tax Benefits?
Real estate investment comes with an endless list of tax benefits. Although all different investment options come with several benefits, rental property ownership or a rental home is the best way to receive endless perks. When renting out a property, you can deduct many expenses, such as depreciation, repairs, interest, and other property taxes related to the common property. Additionally, you can also earn tax deductions for property insurance, independent contractors, and mortgage interest payments.
Investing in real estate through limited partnerships and limited liability companies will give you extra deductions. These include professional fees, office space, travel expenses, real estate software tools, advertising expenses, etc.
Q7. How Can I Determine the Value of a Real Estate Property?
The best way to determine the value of a real estate property is by running a comparative market analysis. CMA makes an estimate of a home’s value based on the recent trends in the area. It calculates the estimated value of your rental property by comparing it to similar properties in the immediate area. You can perform CMA by researching comparable investment properties on real estate marketplaces and comparing features and prices.
Wrapping Up: Real Estate Investing
Real estate investment is all about risk management. If you gather the required skill set and learn how to take calculated risks, your time and effort will be worth the while.
Property investment is a very lucrative business that can take the place of your nine-to-five job. However, you have to be aware that there are many obstacles you will have to overcome, and the best way to do it is by getting professional help. Our best recommendation is that you sign up for an introductory course on online real estate platforms, like the ones we have reviewed above, to get all the information you can before you start investing.
After finishing the training, be careful to evaluate all the underlying risks before purchasing your first asset. If you acquire the proper knowledge, control your compulsion to own more assets, and give the investment time to prosper. This way, you will get a valuable and enjoyable experience and maybe even an exciting profit from it.