Comments on: Four Steps for Better Real Estate Investing http://www.chrisdavies.ca/2009/12/four-steps-for-better-real-estate-investing/ REIN, Real Estate, Stats, Music and More Wed, 08 Feb 2012 23:34:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: What is emotional investing? http://www.chrisdavies.ca/2009/12/four-steps-for-better-real-estate-investing/#comment-2623 What is emotional investing? Tue, 12 Jan 2010 04:10:50 +0000 http://www.chrisdavies.ca/?p=1409#comment-2623 [...] My fellow real estate blogger and REIN member, Chris Davies, discussed the emotional response experienced by some investors in his article, Four Steps For Better Real Estate Investing. [...] [...] My fellow real estate blogger and REIN member, Chris Davies, discussed the emotional response experienced by some investors in his article, Four Steps For Better Real Estate Investing. [...]

]]> By: Chris http://www.chrisdavies.ca/2009/12/four-steps-for-better-real-estate-investing/#comment-2597 Chris Fri, 08 Jan 2010 17:36:31 +0000 http://www.chrisdavies.ca/?p=1409#comment-2597 I agree with you, but I'm not really a fan of Rent to Own. In particular I'm always skeptical of how many transactions actually close at the end and I think that for new investors they're a more complex transaction than a simple buy and hold. Wouldn't it make more sense to help people get moving with a simple one and then dive into more complex transactions? I agree with you, but I’m not really a fan of Rent to Own. In particular I’m always skeptical of how many transactions actually close at the end and I think that for new investors they’re a more complex transaction than a simple buy and hold. Wouldn’t it make more sense to help people get moving with a simple one and then dive into more complex transactions?

]]> By: Neil Uttamsingh http://www.chrisdavies.ca/2009/12/four-steps-for-better-real-estate-investing/#comment-2490 Neil Uttamsingh Fri, 25 Dec 2009 00:09:58 +0000 http://www.chrisdavies.ca/?p=1409#comment-2490 Chris, Excellent post. I could not agree with you more on many of the points that you highlighted. One of your points, I found very powerful. You stated, "Do not become the serial seminar grad." This is very important advice that people should not underestimate. Often times people go from seminar to seminar looking for the magic bullet. They are looking for some sort of vehicle which will lead them to riches. Unfortunately, I see this time and time again with many people. They don't implement what they learn at a seminar, and as a result, they just attend the next seminar hoping that they will learn something even better, that will enable them to make even MORE money. The secret here is action. You have to take massive action once you have learned a system. There is no better avenue to create wealth with than through real estate. Like Chris says, once you buy, you have to wait. For those looking to generate some more monthly cash flow off of their real estate investment, you can consider a Rent to Own strategy as well. I am a fan of the buy and hold, and the rent to own strategy. Nice work Chris. Keep up the great posts. Regards, Neil Uttamsingh. Chris,

Excellent post. I could not agree with you more on many of the points that you highlighted.

One of your points, I found very powerful. You stated, “Do not become the serial seminar grad.”

This is very important advice that people should not underestimate. Often times people go from seminar to seminar looking for the magic bullet. They are looking for some sort of vehicle which will lead them to riches. Unfortunately, I see this time and time again with many people. They don’t implement what they learn at a seminar, and as a result, they just attend the next seminar hoping that they will learn something even better, that will enable them to make even MORE money.

The secret here is action. You have to take massive action once you have learned a system. There is no better avenue to create wealth with than through real estate. Like Chris says, once you buy, you have to wait.

For those looking to generate some more monthly cash flow off of their real estate investment, you can consider a Rent to Own strategy as well. I am a fan of the buy and hold, and the rent to own strategy.

Nice work Chris. Keep up the great posts.

Regards,
Neil Uttamsingh.

]]> By: Chris http://www.chrisdavies.ca/2009/12/four-steps-for-better-real-estate-investing/#comment-2472 Chris Mon, 21 Dec 2009 15:01:21 +0000 http://www.chrisdavies.ca/?p=1409#comment-2472 Thanks Dave, I'm in complete agreement with you and Don. I have a cousin who used to have the million-dollar goal, and he's since come around to more grounded goals (but no less lofty). The tangible items make it so much easier to focus on the target. Thanks Dave, I’m in complete agreement with you and Don. I have a cousin who used to have the million-dollar goal, and he’s since come around to more grounded goals (but no less lofty). The tangible items make it so much easier to focus on the target.

]]> By: Dave Peniuk http://www.chrisdavies.ca/2009/12/four-steps-for-better-real-estate-investing/#comment-2425 Dave Peniuk Thu, 17 Dec 2009 00:11:45 +0000 http://www.chrisdavies.ca/?p=1409#comment-2425 Hey Chris, Good post - very informative about the first two steps: finding a system (and sticking to it) and researching your market. I would also suggest that one has to really understand "why" they want to invest in real estate. This is one of the biggest elements that differentiate great RE investors from average or ones that quit. People who approach Julie (my wife and partner) and I and say "I want to invest in real estate" are always asked the question: "well, why do you want to invest in real estate?" If the answer is simply "to make millions", I usually then ask, "well, why do you want to make millions?" And, unless they have a real strong answer for that, I generally feel that they haven't set their goals to determine just "how" real estate can help them achieve their personal Belize....to borrow a line from Mr. D. Campbell. :) Keep up the great posts! Cheers Hey Chris,
Good post – very informative about the first two steps: finding a system (and sticking to it) and researching your market.
I would also suggest that one has to really understand “why” they want to invest in real estate. This is one of the biggest elements that differentiate great RE investors from average or ones that quit.

People who approach Julie (my wife and partner) and I and say “I want to invest in real estate” are always asked the question: “well, why do you want to invest in real estate?” If the answer is simply “to make millions”, I usually then ask, “well, why do you want to make millions?” And, unless they have a real strong answer for that, I generally feel that they haven’t set their goals to determine just “how” real estate can help them achieve their personal Belize….to borrow a line from Mr. D. Campbell. :)

Keep up the great posts!

Cheers

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