Real estate investing has many complexities and with so much money at stake, it’s important to be confident of your strategy and approach. But there are many strategies and approaches to consider, which leaves many uncertain about how to proceed. So in today’s article from Florida real estate investor Jeffrey Love, of JBH Properties Investments & Consulting LLC, we’ll explore a few tips to get started in real estate investing.
Tips to Get Started in Investing
Getting started in investing can be scary, but there are a few tips you can try to maximize your chances of success. So try the following tips to get started in investing:
• Don’t wait for the perfect deal – It’s easy to find yourself in a place where you’re waiting for the perfect deal, but this can result in a situation where you fail to move on a really good (albeit slightly imperfect) investment opportunity. So don’t let yourself get stuck in a place where you’re chasing unicorns.
• Know your numbers – Perform comprehensive research into the property you’re considering. You need to know the potential return on investment, the market value, an accurate estimate of how much rehabbing will cost and so forth. Take the time to perform due diligence so you know exactly what you’re buying.
• Work with a mentor – A mentor can be a valuable ally in any field where you’re getting started. This is especially true when it comes to real estate investing. Chances are you’re going to encounter lots of questions as you get started as a real estate investor and it’s helpful to have an experienced, reputable individual who can provide you with answers, insight and advice when you need it most.
• Don’t let your emotions and preferences get in the way – Buying an investment property is very different from buying a home for your family. In short, you can’t let your emotions or your personal preferences get in the way. Focus on what the average buyer likes. Focus on what sells. Focus on what’s profitable!
Contact JBH Properties Investments & Consulting LLC to Get Started in Real Estate Investing
If you are seeking to sell a distressed property, simply click here to complete this form. Company founder Jeffrey Love is also open to new partnerships with fellow investors who are seeking to pursue a joint venture.
If you wish to learn more about one of these properties, contact JBH Properties Investments & Consulting LLC by stopping by our contact page or by calling 800.920.6214.
About Jeffrey Love and JBH Properties Investments & Consulting LLC
The founder of JBH Properties Investments & Consulting LLC, Jeffrey Love is a real estate investment specialist, dealing in short sales, fix and flips and wholesaling opportunities.
Jeffrey Love came into the real estate investing field largely by chance. “I started from the bottom up,” he explained. He went to school to become a loan officer and mortgage broker. He worked in the financial area of the real estate industry for about two years, in 2006 and 2007.
But this wasn’t Jeffrey’s only venture. “I established a landscaping company from nothing and built it up to the point where I had two full-time employees and four part-time employees. At that point, I still had a full-time job in finance and I managed the landscaping at nights and on weekends,” Jeffrey explained.
He continued, “I started out with residential clients and then moved into some small commercial clients and it was around this time I encountered an investor who was buying houses, performing fix and flips. This spurred my interest in real estate investing.”
A family member was also involved in the real estate industry, with numerous property holdings, totaling about 300 units. “He was doing well in real estate too, so it really piqued my interest further,” Jeffrey explained.
So he finally took the plunge, working with a partner to acquire a rental property in Southport, Florida. They planned to fix up the property and maintain it as rental holding. But just when things were starting to get underway, the unthinkable occurred: “I gave my partner full access to the account. He cleaned it out and ran off with the money.”
But this negative experience didn’t deter Jeffrey from moving ahead in the industry. He continued working his day job in the mortgage and lending industry.
In 2007, Jeffrey attended school to become a real estate agent and it was around this time that he encountered another real estate investor who served as a mentor of sorts, helping him to get involved with wholesaling real estate. He also attended numerous training courses to learn more about the laws, techniques and strategies surrounding the real estate investing industry.
Jeffrey has been dealing in wholesaling since 2008, handling various real estate wholesaling transactions on a part-time basis.
“It was February 2015 when I got real serious about investing and wholesaling. In the period from September 2015 to December 2015, I started making some serious money and making good contacts. I earned about $30,000 in wholesaling during that period,” he explained.
Jeffrey Love is now involved in fix and flips, wholesaling and short sales, both for residential properties and commercial properties.
He deals primarily with properties in Bradenton, Sarasota, Manatee County and Hillsborough County, Florida.
Jeffrey is open to purchasing distressed properties directly from property owners. He’s also open to new partnerships with fellow investors who are seeking to pursue a joint venture.
If you would like to sell a property or wish to propose an investing partnership opportunity, contact Jeffrey Love by calling 941.518.9597 or stop by the contact form.
About the Company
JBH Properties Investments & Consulting LLC specializes in real estate investment opportunities, including residential real estate and commercial properties.
Contact JBH Properties Investments & Consulting LLC and founder Jeffrey Love by calling 941.518.9597.