Investing Is The Step That “Makes” You An Investor
There are several phases when looking to do a real estate transaction. The first few phases are where you are looking for properties, you are analyzing properties, you are searching for properties, and you put together a business plan. You have all these preliminary steps. What you do next is to invest, where you perform a transaction. They are many ways to do that.
You can make private transactions where you yourself can make an offer directly to the person
There are forms out there where you can do this, fill in the form and you can make an offer yourself, or you can get a lawyer involved where the lawyer will create the offer for you.
You can also get a realtor involved to be able to issue an offer especially if it’s a listed property on MLS you are going to need a realtor because once it’s in the MLS domain you have to use a realtor to conduct that transaction.
When buying properties the next step is to invest.
To make that offer means you now come to a point where you are done with your analysis and you think that property is going to fit into your portfolio … whether it’s for fix and flip, whether for lease options, or whether it’s wholesaling … it fits all the criteria that you have.
You looked at the financials at high levels and you put in the offer. So this is what you want to do prior to investing. Without offers, you are never going to get a property. Without offers, you are never going to get a deal.
People say … “I spent all this time analyzing and you know, I’ve never gotten any deals, and I never put any offers.”
If you don’t put in any offers, you’re not going to get a deal.
The other thing you are going to get with your offers is you are going to get feedback and you are going to build up your network.
So usually these offers are to people that are listing a lot of properties for other people. Usually, it’s with realtors; maybe it’s a private deal. Maybe it’s an online tool that you’re looking at or an online database or online offering.
So, when searching for real estate, you have to put in offers. That’s what makes you an investor.
