Much like Wall Street, the real estate industry can feel like it’s set up to make you fail…
Unless, of course, you know a few simple tricks that have made savvy investors millions.
If you’re new to real estate investing but want to tap into the incredible wealth it can generate, these three tricks are all you need to get started.
And if you’ve already dabbled in real estate, you might still learn something new—or discover ways to maximize your returns.
You’ll be amazed at how powerful these three simple tricks are.
Some may seem obvious, but here’s the real question: Are you using them all effectively?
Chances are, you’re probably not.
When I first started investing in real estate, I jumped in headfirst without guidance or insider tips.
If I’d known these three tricks back then, I could have saved myself hundreds of thousands—maybe even millions—of dollars.
So, let’s dive in…
Real Estate Newbie Trick #1: The Early Bird Gets the Worm
You’ve heard the saying, “The early bird gets the worm,” and it couldn’t be more true in real estate.
Surprisingly, it’s often not the highest bid that wins the sale—it’s the first bid.
Why? Most properties are snatched up before higher bids even have a chance to roll in.
The takeaway?
Be quick with your research and act decisively when you find a property you love. Hesitation could cost you the deal.
Real Estate Newbie Trick #2: Cast a Wide Net
The real estate market is filled with opportunities, but you need to consider a lot of options to find the best deals.
When I’m hunting for highly profitable properties, I typically look at hundreds of listings. Here’s how I narrow them down:
1. Focus on locations where I’d like to buy.
2. Analyze the pictures, prices, and how long each property has been on the market.
This process filters the list even further.
From there, I make fair but low offers on about 10 properties.
The sweet spot is finding that balance: an offer that’s low enough to stay profitable but not so low it’s dismissed outright. One of these offers will almost always get accepted.
Real Estate Newbie Trick #3: Look for Foreclosed Properties
It’s not a pleasant topic, but foreclosures can present incredible opportunities for real estate investors.
When homeowners default on their mortgages, banks take possession of the property. Since banks are in the lending business—not the property management business—they’re often eager to sell foreclosed homes quickly, sometimes at a significant discount.
Websites like Zillow.com often list foreclosures, but keep in mind that you need to move fast to secure these deals.
Whether you’re just starting out or looking to improve your real estate game, these three tricks are essential tools to have in your arsenal.
With a little effort and the right strategy, you can unlock the enormous wealth-building potential of real estate investing.
