Did You Know the Biggest Fear for New Investors is Getting Their Offer Accepted???

A new real estate investor might need to make 25 offers to get a contract on a property. Some say that the key to getting more deals is to make more offers.

Here are some tips for real estate investment:

• Understand your financial boundaries

Before making an offer, calculate your maximum offer and stick to your budget. Consider the property's condition, location, potential rental income, and your return on investment (ROI) goals. 

• Follow the 1% or 2% rule

The 1% rule states that the monthly rent should be at least 1% of the total purchase price. The 2% rule states that the monthly rent should be at least 2% of the purchase price. 

• Follow the 10% rule

This rule suggests buying at least 10% under the listed price. 

• Be in the right place at the right time

You might need to be in front of the right person at the right time to get a deal.

• Are you using the MAO Formula?

How Many Offers Have You Made Today? This Week? This Month?