Real estate investors for the most part know their market place. They know what has sold and for how much and maybe to whom it sold. By following the deals you missed, deals you didn’t win, or the deals you passed on will give you great insight into your competition and what they are willing or not willing to take on.

1.Know Your Competition

Every market has 100’s of real estate investors. You will do better when you know who you are competing with in your investment specialty. Be ready and be first to make an offer you can beat out your competition by moving fast. Line up real estate agents to feed you business. Become known as an investor who closes on deals not just one who throws out low ball offers without closing.

2.Join Your Local REIA

The most active real estate investors are members of the REIA. This is where more deals are offered. Meeting other investor can give you insight into the business as others see it. You may pick up information that you can’t get anywhere else. It is a good place to move your own properties to people who know what they are doing.

3.Keep Files On Each Deal

Set-up files with the MLS and Tax information on the deals you want. Sometimes the deal falls apart be ready with the information on the deals you want they may come back you must be ready to make quick knowledgeable decisions. Sometimes after closing the investor can’t complete the work and must find a new buyer to save them be ready. Everyone talks about buying formulas but most people don't do what they have learned or what they should.

4.Follow Every Deal You Work On

Know who gets the deal how much they have paid and any seller concessions. Learn what your competitors are willing to pay for projects and what they are willing to take on. Most investors concentrate on one particular part of the business and walk away from other projects without a second thought.

5.Strong Contractor and Support Base

Being ready to act quickly means you have the ready back up support from your contractors, suppliers, and professionals (Engineer, Attorney, and Financing etc.). Your base makes you better including your bird dogs, advertising, buyers list, tenants, and anyone you partner with in your business.

Knowing your market, having a strong team and being ready to do business now are what will keep you ahead of your competition. This will improve your current business and make you the go to company where sellers want to do business.

Bill Carey with over 30 years in real estate sales, investments, and home building offers a unique perspective to the buying and selling process of residential real estate for F*R*E*E consumer information and reports log on to http://www.CharlotteNCExecutiveHomes.com and see "Insider Real Estate Secrets Revealed" ...a must-read for Home-Owners and Renters! It's a F*R*E*E 12-lesson e-course covering more than 20 topics exposing the realities behind buying and selling a home. It Could Make(or Save) You Thousands of Dollars

See http://www.BillCareyRealtor.com and sign up for our monthly e-newsletter with tips for buyers, sellers, home owners and soon to be home owners.

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