What advice would you offer to an investor who is just starting out?

1. Find a mentor/coach in your area to whom you can ask for advice. In addition, with any person you can turn to blue world city Islamabad, be sure that they're achieving the things you're looking to accomplish and talk with others they've helped before you sign an investment of time or money.

Real estate investing isn't an individual business. You will require lawyers CPAs, attorneys (knowledgeable regarding real estate investments) subcontractors, contractors, estate representatives, title companies, closing lawyers, inspections appraisers, on and on. Find someone who's walked through the mines before you and can give you a hand to save you both time and cash.

Should you pay them to use their services? Absolutely. Should they be willing to discuss the things they've learned during years of their own time and efforts They've paid for their skills either way and the knowledge you'll get from them is something you should pay for. If they're not worth the price for, they're not worth your time.

And don't just reach out to only your peers Don't limit yourself to only those who are in better positions than you. Jim Rohn once said that "you are the average of the top 5 people you hang around with." If you're looking to become better in any aspect Find someone who is doing way better than you are.

2. Join the group of friends who know more than you. Attend all the meetings you are able to attend. For real estate investors it is usually that you attend local REIA meeting (real estate investor association meetings , which are available via NationalREIA.com). Also, check for MeetUp.com for any nearby landlord association meetings. Landlords are already conducting the business and can be a great source of information as well as the potential sellers and buyers to work with.

3. Set goals. Plan your goals. What number of houses are you planning to purchase within the next 12 months? How much do you want to earn in five years? As you write out include strategies for achieving these goals. Want to buy 10 houses in the next 12 months? Take that down into parts to identify what you'll need do each month to make your goals real.

4. Purchase property. If you haven't started , you should start! If you're buying, buy more. If you don't do that, 10 years have gone by and you'll be regretting not purchasing all the things you could now. The way to truly learn is by doing. Seminars and books are excellent however, you'll not know the things you've learned and what you're not aware of until you dive in and start purchasing for yourself.

It's an old cliche that says "there's never been a better time to buy real estate" however, it's the truth. I'm sure it's the case. Sure, you have to adjust your methods and your strategies depending upon the economy and the place you are investing, but everybody works, shops, and lives somewhere. If you don't own it, someone else will.