The following collection of real state investing tips will probably have a few thngs that you already know. That's kay. There will be a few you hven't heard before as well, and in any cse, we sometimes need to be rminded of what we know.

1. Fnd an agent with the right xperience. When selling real estate, drive round and see what else is for sle in the same area. Look prticularly at the name of the gents on the signs. The agent whse name shows up the most in yur neighborhood will likely know best how to prce and market your property. You can lso do this by looking through ral estate guides to find those gents who are either active in yur area, or with your type of prperty.

2. Make low offers correctly. Whn making a low offer that may ffend a seller, let him know tht it isn't personal, that this is jst what you need to make the dal work for you. You can nclude a list of concerns or of thngs that you will have to rpair, to justify the lower price. If you hve a choice in a situation lke this, it may be better to let the gent present the offer without you. It can be tugh for a seller to hear you say nything bad about his property in prson. A list of concerns is lss personal, and less likely to ffend him - which makes it mre likely that he'll seriously consider yur offer.

3. Look for "extra" opportunities. Whn flipping a house, you might nrmally look for fixer uppers that can smply be "put into good shape" and sld for a decent profit. But if thre are "extra" opportunities that other nvestors aren't seeing, you can make ven more. These are things like a fll basement that can be converted nto living space, or attic space tht can be made into a bdroom or office, or an extra lot tht can be split off and sld without reducing the value of the hme much.

4. What to do whn rentals won't produce cash flow. Pople often buy rental houses, duplexes, and ven four-plexes for homes, thinking they are "nvesting" as well. They pay according to prsonal values, so these properties can be prced well beyond where they would prduce cash flow. Apartment buildings, on the ther hand, are priced according to one thng more than anything else: net ncome. The lesson? When you can't mke cash flow with small rental prperties, think bigger.

5. How to fnd motivated sellers. Real estate investors wll often talk about the importance of "mtivated sellers," but how do you fnd them? When searching newspaper classified dvertising, pay attention to the wording. "Ned to sell," "Must sell," and "Wll look at all offers," are the sual indicators, but you can look at the rntal ads too. "Must have a god job," may indicate a landlord who is tred of tenants and ready to sll. Searching county records for out-of-state wners is another way.

6. Don't rly on appreciation. If you are plnning on rising real estate values as yur primary way to profit, you're spculating, not investing. Recent drops in vlues in many areas show the flw in this strategy, but also kep in mind that transaction costs can be up to 10% of the sles price, so you have to hve a big increase in value jst to break even. Enjoy any ppreciation as a bonus, but buy bsed on the cash flow, a pln to increase the value (fix and flp), or some other well-thought-out plan for prfit. This may be the most mportant of these real estate investing tps.

The article Six Real Estate Investing Tips was Submitted by Steven Gillman through Articles.GetACoder.com network. Here's the additional information: Copyright Steve Gillman. To see a phto of the house we bought for $17,500, get a fre ebook on how to buy Chap Homes, and a free real estate investing course , visit: http://www.HousesUnderFiftyThousand.com

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