|
Home / Finance / Real Estate
As A Real Estate Investor You Must Continue Your Real Estate Education
By:Omar Johnson
With all things that are done intentionally as a real estate investor your education comes first. A real estate investing education is primary to your success in business, and in all circumstances there is an identifiable pattern of learning that leads from thought to action. When experiencing something new, first you hear about it or learn of its existence. Next you learn what it is. Then you learn how it works. And finally, you practice it, which is where experiential learning begins. This article is intended to discuss education, separate from experiential learning (but a little more on that below).
Your real estate education should not be looked at as a phase you go through, but rather as an ongoing process. This is a requirement to stay in the real estate business and to excel. There are at least three very good reasons why your real estate investing education should be continuous and ongoing.
One is that having new information can allow you to improve the process of what you're already doing, so that you can do it better. Another is that having new information can allow you to do new things that you're not already doing, such as implementing new profit centers in your real estate business. A third is that the world is always changing so that knowledge needs to be continually updated to be useful.
The fastest way to develop yourself educationally is to actively seek out as many sources of education as possible on a continuing basis. There are three common modes of education to be aware of that can help inform your search.
One is private education that you digest on your own, which can include books, audio recordings, video recordings, websites, and online and offline real estate investing newsletters. Another is participatory education, which involves some sort of interaction with an educator, and can include seminars or boot camps, conference calls, and webcasts. Yet one more is hands on education, which can be gotten by working with others already in the business.
This could take the form of a mentorship or an apprenticeship with another investor. You could also take advantages of all the resources of a local real estate club, either online or offline, which is dedicated to helping investors further their education in all sorts of ways.
As an ongoing business activity, your real estate education deserves management and balancing against the other ongoing activities of your business as well as all of the other demands on your time. You should work it out however is best so as to ensure that a dedicated portion of your time and resources on a regular basis go to furthering your real estate and business education.
A final word on education from experience, or experiential learning, comes last. Education can be overrated by beginning real estate investors. While it does have a large role to play in your overall progress and success, the amount you actually learn from studying educational materials is negligible compared to the amount you learn from actually performing an action or having an experience. Keep this in perspective if you feel paralyzed by an insufficient real estate investing education.
Digg
del.icio.us
Blink
Stumble
Spurl
Reddit
Netscape
Furl
Article keywords: real estate education, real estate investing, real estate tips
Article Source: http://www.articles2k.com
Omar Johnson is a successful real estate investor and author of the home study course "Secrets To Making Big Money In Real Estate With Little Cash and No Credit" For more info visit http://www.gettingrichinrealestate.com
|
|
| Top Real Estate Articles |
- 1). When Daddy Moves to an Apartment By : Kyle Thomas Haley
Divorce is hard, there’s no question about it. Not only has your marriage ended but, most likely, your lifestyle is undergoing some drastic changes also. This is especially true if you are forced to leave the place that was home to you and your family.
Depending on your particular situation, you may find that moving into an apartment is your only option.
|
|
|
- 3). The Pitfalls of Selling Your Home Alone By : Andrew Webber
Many homeowners think that selling home alone without the help of a Realtor will help simplify the process and will save them money in the end. The fact of the matter is that selling your home on your own isn't easy work. In fact, you may actually lose a substantial amount of money when you try to sell your home alone because you aren't well spoken in the language and business of real estate.
|
- 4). Flip That House Style Real Estate Investing By : David Neese
I love those TV rehabbing shows like Flip That House. On the show people buy a house needing to be seriously updated and repaired. Usually the kitchen is heavily upgraded with new cabinets, cutting edge appliances, new countertops and more. The bathrooms are completely redone with new tile, tubs, showers, sinks and more. The living rooms and other areas usually have walls taken out to open up the floor plan and usually carpet is replaced with some type of hardwood flooring.
|
- 5). Where Real Estate Investing and Speculation Collide By : Bruce W. Ford
Some uninformed folks would describe someone who rehabs distressed property as a "speculator" or even a "property speculator." Don't be fooled! There is a VAST CHASM of difference between rehabbing and property speculation.
Let me explain. According to Dictionary.com, the definition of speculation where business is concerned is:
"Engagement in risky business transactions on the _chance_ of quick or considerable profit.
|
- 6). How To Find A Real Estate Agent By : Steve Gillman
It's easy to find a real estate agent. Just put a for sale sign in the yard and wait for the phone to ring. The question is, how do you find a GOOD real estate agent? You can start with newspaper.
Pick up the Saturday or Sunday paper - whichever day they have all the homes for sale in your area. You can also collect a few real estate guides to look through.
|
|
|
- 8). Relocating to Tampa Bay A Great Place to Call Home By : Kael
Its no wonder that Florida’s Tampa Bay area has become such a popular choice for relocating adults and families to call home. The west coast of Florida has mile after mile of white, sandy beaches and magnificently, beautiful natural resources. These areas include the city of Tampa, Clearwater, St. Petersburg, as well as Palm Harbor, Tarpon Springs and Oldsmar.
|
- 9). Real Estate Rentals - Selling For More By : Steve Gillman
Selling real estate rentals isn't like selling houses. You can paint a house, and get a little more because it looks nice. Rental properties, especially larger ones, are different, because they're bought by investors, who look at income more than new paint. Raise the income, and you increase value to investors.
Time to learn about capitalization rates.
|
- 10). New Hampshire Real Estate – Switzerland of America By : Raynor
With soaring mountain ranges, New Hampshire is often called the Switzerland of America. Fortunately, New Hampshire real estate prices compare favorably to Switzerland.
New Hampshire
New Hampshire is a state with beautiful scenery that takes on the full effect of each season of the year. Spring and summer are tailor made for fishing, hiking and water sports along the state coastline.
|
| New Real Estate Articles |
|
|
|
|
- 3). Why Real Estate By : Kris Koonar
When you look at the lists of the wealthiest people in the world, most of the names there have one thing in common. They are all massive property owners.
|
|
|
|
|
- 6). Tips for Successful Investing By : Kris Koonar
One of the quickest paths to financial freedom and security is through the world of real estate investing. Millionaires and even billionaires have been made on the real estate market
|
- 7). Moving In Your New Home By : Jonathon Hardcastle
Now that the paperwork belongs to the past and the movers have left leaving you alone to admire your new property, it is time to sit down and list all those things you will have to do before being able to relax on your couch or back yard and admire your new possession.
|
|
|
- 9). Real Estate Marketing Reports; Instant Web Site Content By : Lanard Perry
It can take months, and in some instances years to personally write enough web site copy to have an effective, lead generating web site. On the other hand, you can purchase volume content for pennies on the dollar and upload it to your web site in minutes. So, why settle for adding a page 1-2 times a week when you can add hundreds of pages whenever you want to.
|
|
|
|
|