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101 Things Everyone Needs To Know About Real Estate Investing

101 Things Everyone Needs To Know About Real Estate Investing post image

As with many other aspects of life – the real estate business can be a real jungle to maneuver. For many of us, it’s exceedingly easy to lose focus, make bad decisions and get sidetracked along the way (often times, without even knowing it).

This past week, I’ve been asking some of my friends in the industry for their input on this issue. My goal was to compile a list of the most important recommendations these experts had to offer from their years of experience in the real estate business. What I got was a healthy collection of insights that I think you’ll find quite enlightening.

Specifically, my question was this:

If you could only give 3 recommendations to a new real estate investor (based on your own experience in the business), what would be your Top 3 most important pieces of advice?

Not surprisingly – there were a few common themes that seemed to come up again and again throughout this list…   can you spot what they are?

Let’s dive in.

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1. Collaborate. Find great team members to help you pull off your overall vision. One person alone can only handle so much (and it limits your education). – Ken McElroy

2. Know your numbers. It is easy to get emotional about a deal, no matter how experienced you are.  If you know your numbers and stick to them, it takes the emotion out of the equation.  This can save your wallet, big-time. – Joshua Dorkin

3. Be fanatical about due diligence. Try to obtain and confirm every bit of information you can about an investment — not just the physical property but the history and potential future of revenue, operating expenses, and capital costs. – Frank Gallinelli

4. Be a Closer Not a Poser. It only takes a moment to tarnish your reputation. You can’t fake it till you make it. If you can’t close, don’t make an offer. – Mark Brian

5. Model your business after those who have already done it. There’s no need to recreate the wheel – just follow the blueprint that others have created. – Joe Fairless

6. Always put it in writing – leases, addendums, amendments, notices, and the most basic of promises, should all be put in writing. Leases are best served as a written contractual document that both parties sign, but email saves time for things like general communication and notices to enter. – Lucas Hall

7. Don’t try to learn everything. Gain as much general knowledge as you need to discover what makes you most excited, then focus on that one thing. For example, if you like the idea of small multifamily properties, focus on that and don’t get distracted by flipping, wholesaling, and other cool strategies. – Brandon Turner

8. Understand how location relates to home values. I have seen numerous buyers purchase properties without understanding the value of various locations. They think they are paying a good price based on square footage, bedroom and bath count, etc. without having a grip on how an area can have a dramatic effect on value. – Bill Gassett

9. Have a clear vision of why you want to be a successful real estate investor, and what your investing business needs to do for you. – Steve Cook

10.Take action. We all have fear when we doing something that pushes us out of our comfort zone.  The only way around fear is to take action and find out there was not much really to be afraid of.   It will be uncomfortable at first, but like anything else, you will become used to it and will most likely get excited about it.  I know it did.  You couldn’t shut me up when it came to seeing houses and making offers. – Danny Johnson

11. Avoid penny-pinching and the scarcity mentality. But definitely set a realistic budget and add to it every chance you get. Outsource as much as possible to maximize your time. Always shoot for a high return on your investment, but please don’t ever expect something for nothing (…ain’t gonna happen). – Jerry Puckett

12. When you pull comps, think in terms of an “apples to apples” approach. If the subject property was not available, would a buyer realistically consider purchasing the comps instead? Moreover, be careful to not choose a random price per sq ft figure and use that to establish your value since the figure might not fit your property. – Ryan Lundquist

13. Choose one investing strategy and master it before moving on to another one.  It’s really easy to get distracted by “shiny object syndrome” and lose your focus. Don’t be tempted to “dabble” in a whole bunch of different strategies when you are just getting started. – Sharon Vornholdt

14. Don’t get emotional. Don’t pass up good deals just because you can’t picture living in them and don’t buy something that you adore if the math doesn’t work. – Debbie Drummond

15. Set actionable goals and activities. How many offers will I make each day, week, month?  That will equate to how many deals I will close each month.  Track your work flow.  Whatever gets measured gets managed. – Mark Podolsky

16. Do NOT start out investing with a plan you constructed on your own. This includes deciding what/when/why/how to buy your first investment property(s). It’s not that you don’t know the answers. It’s that you don’t know all the questions. – Jeff Brown

17. When it comes to saving on taxes and setting up your entities, make sure you get the facts instead of falling victim to some of the common myths that are out there on the internet. – Amanda Han

18. Sit down with someone who invests in real estate (hopefully your own realtor) and ask them questions like, “How many homes have you purchased?” and “What is your primary goal – Buy and Hold or Buy and flip?” Ask them how many times they’ve failed as well. – Connor T. MacIVOR

19. Read a book a month then reach out to the author. My 2nd mentor came from reaching out to the author after I read his book. – Joe Fairless

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20.Focus on cash flow. This is the golden source of income that will drive the value of every other aspect of your real estate business. – Seth Williams

21. In order to be successful in any kind of real estate investment in an emerging market, you need to do some careful analysis, you need a lot of drive and the vision to see what few others can see clearly at that stage. – David Lindahl

22. Don’t worry about the money. Focus on finding the best deal before the money to fund it. Investors invest in deals, not talk and marketing. – Ken McElroy

23. Don’t take shortcuts in your repairs and updates. Shortcuts will end up costing you money in the long run when a prospective Buyer’s offer comes in lower than anticipated or when their inspections reveal poor workmanship in the property you’re selling. Don’t let your properties be known as the gal/guy who delivers shoddy properties. – Lynn Pineda

24. Get Your Real Estate License – As a real estate investor, I couldn’t imagine trying to work the local distressed property market without a real estate license and being limited by another real estate agents skills if you need them. Realtors typically aren’t very knowledge of the speed and tactics used to acquire great properties for investors. Having your real estate license is an incredibly valuable asset, in my opinion. – Andrew Fortune

25. Treat your real estate just as an actual business. This means creating a plan of action, implementing those actions and growing your portfolio over-time. Don’t forget – always track your business expenses…these can give you big savings at tax time. – Amanda Han

26. Avoid properties that have functional obsolescence. Don’t think you are getting a fantastic deal because you think bought a property under value when in fact you didn’t because the property has some kind of major functional defect. As an example having to walk through a dining room to get to a bedroom. Who wants to do that? – Bill Gassett

27. Associate with people you want to become more like. If you want to become a successful landlord – find other successful landlords to hang around with, either online or in the real world. – Brandon Turner

28. Hope for the Best but Plan for the Worst. Always have several exit strategies and contingency plans no matter what your investing strategy plan or goal is. Doesn’t matter if you are flipping or buy and hold, you must be prepared for SNAFU! – Mark Brian

29. Make sure you’re relevant. Research what’s happening in the market you’ll be investing in before you spend time, money, and resources. What’s working even a year ago may no longer be where you need to focus, so make sure what you’re offering and who/what you’re targeting are still lucrative. You always have to be thinking “what’s my value add here?” and build around that. – Tracy Royce

30.Establish a successful mindset, this is what I refer to as the “rule of the universe” – what you expect tends to become the reality you create. Keep your head down, work hard and expect to win. If you do this long enough, one day (sooner than you think) you will look up and the reality around you will have changed for the better. – Chris Feltus

31. Expect the unexpected from Tenants. Plan for the worse and be pleasantly surprised when you get a great tenant.  Tenant planning usually involves money; either periods of no tenants, making property repairs to non-functioning items and non-paying tenants. It’s critical to have reserve funds available to handle these money draining time periods. – Lynn Pineda

32. Don’t be afraid to ask for help. There are so many details in real estate that it can be overwhelming.  One of the great things about experienced investors is that they have all been in your place.  Turn to more experienced investors with your questions, as there is no such thing as a stupid question. – Joshua Dorkin

33. Focus on raising rental income without annoying your good tenants. The best way to do that is by being attentive to and flexible on reasonable tenant requests. It is much easier to increase rents on happy tenants, than those that you’ve been fighting against. – Elias Nathaniel

34. Spend time learning the math. The math will keep you from buying a bad deal, which is more important than buying a good one! – Brandon Turner

35. Get the money, then handover the keys. Always collect the security deposit and any pre-paid rent before you allow a tenant to move into a property. Don’t just accept a personal check but rather make sure that the money is in your bank account before handing over the keys. – Lucas Hall

36. Understand the difference between passive income and active income. Active income means you work for your money (and secretly, most real estate investments actually require a lot of work). Be able to differentiate between working for your money and being able to earn is passively (there’s a huge difference!) – Ali Boone

37. It’s important to network with like-minded folks to bounce ideas off of, advise you on your first few deals and help through the rough patches. Things will not always be easy or run smoothly, especially at first. – Sharon Vornholdt

38. Relationships. In the world today everything is very fast-paced/cut and dry. Everyone is just trying to get the job done and make money. This method may get things done quickly, but it doesn’t necessarily ensure quality. By taking your time and focusing on building relationships you can eliminate the ones looking for a quick penny and only work with people who genuinely have your best interest at heart. – Engelo Rumora

39. Know who all the players are in your market…… who they are and what they do. You want to be known as “the guy (gal)”. Being able to put people together with what they want will enable you to monetize more of the leads you pay for, which will let you market more which will get you more leads, which you will monetize….. – Jerry Puckett

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40.Buy properties in great neighborhoods with good school systems and great highway access. When you follow a blueprint of what the market wants you will be in a much better position to make a profit. Go with what the majority of buyers are looking for and you will be in a much more favorable position. – Bill Gassett

41. Create a plan. You don’t have to have a detailed business plan with every little detail included to be successful, but you do need a plan.  Knowing what strategies you’re going to take, what criteria you’re looking for, what your exit strategies are, what your financing possibilities are, and other key details, will help you to be more successful.  Putting pen to paper and mapping out your first deal(s) will also help mitigate the paralysis by analysis that most new investors experience. – Joshua Dorkin

42. Learn Your Markets Numbers: Know how much properties are actually worth and how much you can pay. The ones that are the best at picking up off market deals are those that know exactly how much they can pay. That knowledge produces confidence; confidence + accurate numbers = a strong offer; strong offers + repetition = deal flow and more confidence. – Jerry Puckett

43. Know Your Limitations – As much as I hate to admit it, my design skills SUCK. I can barely match my clothes right. I have no business picking out decorative items, so I have other people help me with that. My favorite place to find design products is in new builder properties, because they are very skilled at knowing what sells right now. My wife is also very skilled at this and has helped me many times with design choices and staging ideas. Embrace your limitations! – Andrew Fortune

44. Become a Master of influence. – Claude Diamond

45. Don’t overbuild for the neighborhood. Look at what other investors and home owners have done, and don’t do anything more than that because these upgrades likely reflect what buyers expect in the neighborhood. – Ryan Lundquist

46. You don’t have to leap off a cliff – take baby steps.  You don’t need to know from A-Z, every conceivable way to deal with a real estate situation. Start with what comes first: get a look at the big picture and start marketing for leads.  You don’t have to have money lined up to be able to buy the house.  If you can find a super deal, you can find a buyer and assign the contract to them for a hefty assignment fee.  You don’t need headlights on your car that illuminate the entire route from San Antonio, Texas to Chicago, Illinois to get there at night.  You need to only focus on what is immediately ahead. – Danny Johnson

47. Follow the plan and give it your all.  Persevere through the tough times, and celebrate the highs. – Steve Cook

48. Create a good relationship and a good reputation with the brokerage community. Negotiating commissions during or after a deal is done or delaying the payment of commission will only serve to create distrust towards you. Word of this kind of behavior gets around quickly and will cost dearly over time. – Elias Nathaniel

49. Trust is established over time, not over one email, phone call or meeting. Finding and working with individuals that are happy to spend “that” time in building your trust is a key factor to maintaining and growing a solid business relationship. Unless such trust is established, it will be very difficult to preserve the relationship and successfully obtain your desired goals/benefits. – Engelo Rumora

50.Nothing verbal is valid. Even if it’s your favorite uncle or brother-in-law with which you’re going to have as your investment partner – everything needs to be in writing and within a secure “legally bound” contract. This is business – and it has to be handled that way!!! – Connor T. MacIVOR

51. The only time I lost money in real estate was when I wasn’t in control of the deal. So the more control you can keep, keep it. – Dave Van Horn

52. Set goals that are specific and measurable for achieving success in investing.  Example: I want to buy my first rental by July 2015.  Work that goal backward to specific tasks you must do every week to achieve that goal. – Mark Ferguson

53. Love and care about people. Try to ad value to people’s lives daily. – John Fedro

54. Get started right away. The best way to learn is by doing. – Conor Flaherty

55. Don’t give up.  People aren’t successful because they want it, they are successful because they want to succeed so bad they will fail, and learn, and fail, and learn, and get better, and change, and become great, become successful, because they were willing to do more than everyone else was.  – Nathan Brooks

56. When flipping a house, be cautious about estimating the after repair value. The value should be based on similar sales and listings in the immediate neighborhood – as opposed to cherry picking higher sales from superior areas. – Ryan Lundquist

57. One thing to keep in mind when doing a bathroom or kitchen remodel is the amount of money that is being spent.  It’s important to not go overboard and spend tens of thousands of dollars on remodeling a bathroom.  Simple things such as switching light fixtures, vanities, and tub enclosures are all great ways to boost value while not breaking the bank!  It’s not recommended to spend more than 5% of the home’s value on a remodel. – Kyle Hiscock

58. Once you have decided on an investing strategy and you have a budget for marketing, create a marketing plan. What will that look like? Will you be doing direct mail, bandit signs, using one of the many (free) Craig’s List strategies or something else? Remember that your investing strategy will be greatly impacted by the amount of money you have to spend on marketing. – Sharon Vornholdt

59. The first thing to tackle is your own motivation. If you are not ready to leave the rat race behind and embrace a future where your hard work allows you to enjoy anything you really want, then maybe you are not ready to take advantage of any kind of real estate investing. – David Lindahl

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60.Put together your business plan.  Decide whether you’ll be looking at holding the properties for a few years or flipping them.  Do the math on each property to make sure it fits your margins. – Debbie Drummond

61. Create systems in the beginning so you can quickly scale and work on the business and not so much in the business.  Hire people smarter than you to help on the areas of your business you are weak to help avoid mistakes.  Always be learning and educating yourself. – Mark Podolsky

62. Network is everything. Things go wrong in every real estate deal – a good network will help you succeed in spite of the inevitable obstacles. – Conor Flaherty

63. Focus on creating friendships – not contacts. Instead of “networking” at an event just meet people and try to make friends based on common interests. The biz will be a natural output from the friendship. Plus, it’s for more fun this way. – Joe Fairless

64. Communication, communication, communication… instead of location, location, location… I can’t stress it enough!” This is one of the most important components when looking to successfully invest in Real Estate. In the end, you want to work with people who will, through good communication and integrity, build your trust and develop a prosperous and long-term relationship with you. – Engelo Rumora

65. Automation is all about systems and keeping things simple. The most successful investors I know have systems for everything. A good SYSTEMSaves Your Self Time, Energy, and Money. And a good system should be simple, it should not be complicated. And why do you have systems?  So you can delegate them, of course! – Joe McCall

66. Be honest and ethical when withholding the deposit.  Many landlords try to withhold the deposit for normal wear and tear, or overcharge for small repairs. Wrongful or undocumented charges will often force a landlord to forfeit the claim on the deposit. Worse, the landlord can be held liable for up to 3x the amount of the deposit, according to the laws in many states. – Lucas Hall

67. Combining strategies, if done expertly, can turbo charge both capital growth and retirement income. It can also hasten retirement. – Jeff Brown

68. You don’t need your own money to invest, you can use other people’s money. Being disciplined is more important. – Dave Van Horn

69. Remember that You Make Your Money When You Buy Real Estate, Not When You Sell Real Estate. Don’t bank on repairs to enable your profit. If you are already in the green when you walk out of closing, you are already off to a great start. – Mark Brian

70.Make a decision and stick with it. Real Estate Investing is not the “get rich quick yell at contractors and make $50,000 on every house” that’s it been popularized as. It’s like an other profession that takes time, knowledge, and effort to become successful at. And just like any other profession, it’s not always easy. What will keep you going is your determination, and hopefully…your profits. – Tracy Royce

71. Just like the bathroom remodel, a kitchen remodel is a great way to boost the value of a home, however, it’s suggested not to spend more than 10% of the home’s value on the remodel.  Kitchens and baths are usually the main selling point in a home.  One important thing to consider when doing a kitchen remodel is the amount of time that the homeowner is planning on staying in the home.  If only a couple of years, installing granite counters and high-end cabinets may not be the best idea. – Kyle Hiscock

72. Get a mentor.  You can read all the books you want but that does not equal what it means to be within a real estate deal, looking at the project, and walking through with someone who is skilled in assessing, solving, and selling… the property you invested in.  – Nathan Brooks

73. Talk to as many investors as you can in your area and online.  Learn from local investors what they are doing and how.  Take them to lunch or coffee and learn by example. – Mark Ferguson

74. Extend your due diligence to the market as well. Properties don’t live in a vacuum. What are the economic dynamics of this market — occupancy/vacancy, prevailing lease rates, cap rates, financing? What are the business and employment climates and where do they seem headed? – Frank Gallinelli

75. Realize that real estate investing doesn’t have to be that hard. You don’t have to do all the complicated parts of it yourself. This was why I didn’t get into real estate investing sooner – I didn’t know how to do all those things (like finding motivated sellers, buying foreclosures, rehabbing houses, landlording…. Yuck)! But there are other ways to do it, so don’t feel like you have to do it the hard way. – Ali Boone

76. Learn from others who have made countless mistakes before you. Duplicate what is already working. – John Fedro

77. You are not in the “Real Estate” business.  You are in the “Marketing” business.  You must have a “Marketing Plan” and you must implement that plan to succeed in business.  You need to know how many sellers you should talk to, and how many offers you should make, every day. – Joe McCall

78. Find a Realtor who knows the market where you plan to invest in.  They can help you find the right opportunities to meet your budget and goals.  Successful investors tend to be repeat clients so the Realtor will have a vested interest in your success. – Debbie Drummond

79. Find a local mentor. It’s easy for someone to take you seriously when you’re already showing that you are going to be a force to reckon with.  If you have leads coming in, people are going to listen to you…and help you.  When something comes up that you don’t know how to handle, you will have someone a phone call away that can help you. – Danny Johnson

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80. Ensure that your lease complies with your state’s laws. If you try to use a “free lease template” or fail to integrate your state’s requirements into your lease, you might find yourself defenseless in court. Don’t give your tenant a reason to sue you; follow the law. – Lucas Hall

81. Get as close as possible to your CORE (cost of repairs estimate) when evaluating a property’s condition before you make an offer. Do it 10 times if you have to and add 10% to that number as an additional safety measure. Take your trusted, qualified contractor with you to confirm the numbers. The last thing you want to do is go tens of thousands over your original projections (as many do). You won’t be in this business long if you do. – Mike LaCava

82. No matter how brilliant our overall long-term plan may be, life happens. The #1 factor in anyone’s real estate investment plan must be flexibility. Sometimes it’ll be the reason you survive, while sometimes it’ll prove to be the reason you raced past everyone else. – Jeff Brown

83. Have a specific plan of action for one type of investing.  Decide exactly what you want to do as an investor; flip, hold, wholesale, etc.  Focus on that type of investing and learn all you can about it. Don’t try to learn and do everything at once. Once you master one thing, you can move on to another if you want. – Mark Ferguson

84. Investing in real estate is not emotional, it’s business! If the deal doesn’t make financial good sense, walk away. – Deborah Lamb

85. Recognize what you’re good at and do only that. Hire or partner with the best people possible to fill in your weaknesses (we all have them). – Ken McElroy

86. Recognize the importance of clarity. First, be clear about your own investment goals. Are you looking for immediate cash flow, long-term growth, low risk/low upside, high risk/high upside? Then be clear when you communicate with sellers and lenders. Master your investment vocabulary; present your financial data in a way that everyone can understand. – Frank Gallinelli

87. Leave your emotions at the door. Your rental property is a business, with real money and equity involved – so treat it that way. Every applicant must be treated fairly with without bias or prejudice. The most successful landlords are courteous, professional, and stay in control.  – Lucas Hall

88. Decide what profit margin you want to adhere to. Break it down to a dollar amount or percentage. For example, “For each property I’m going to flip, I need to walk away with at least $25,000 in net profit after all is said and done.” This will make it easier to identify the listings that fit your criteria. Never violate your own line in the sand!! – Connor T. MacIVOR

89. Be prepared for the worst. Rising mortgage rates, economic downturns, vacancies, etc. should be planned for in advance. You don’t want to find yourself in a corner with little or no maneuvering room. The amount of control you have over your real estate has a huge impact on the ultimate success of your investments. – Elias Nathaniel

90.Find out what you’re good at and do it. Get someone to do everything else for you.  Now that you have the marketing plan automated and systematized, get it off your plate! If you’re anything like me, if you don’t get somebody else to do your marketing, it just won’t get done. So it all circles back to marketing. The chief goal is to get all of your marketing done for you, in spite of you. Never stop marketing. It will solve all your money problems. The best marketer will always win. Joe McCall

91. Be open-minded, flexible and creative. Be ready to pivot quickly and when you find a successful buying and selling channel keep working it until it doesn’t work any longer and then quickly pivot to market changes. Keep finding ways to help your buyers and investors meet their goals.  Always be marketing and communicating with your customers.  Build long term relationships and your own platform.  – Mark Podolsky

92. Buying an investment is significantly different from buying your home or your vacation home. Don’t fall in love with the property and don’t ask yourself if you would like to live in it. When it comes to investment properties, look at the numbers to see if it makes sense as an “investment” and not as if it is your next dream home. – Amanda Han

93. Act fast when something isn’t working. Don’t wait. Chances are, if it starts not working, it will continue not working. Bad situations can spiral fast in real estate investing, so don’t hesitate to nip something in the bud quickly! Emotions have to be put aside, you may not be able to stay Mr. (or Ms.) Nice Guy during it, just get it done. – Ali Boone

94. If You Can Do It Yourself, Then Do It! – I’ve read too many articles giving advice to investors that they should be hands off and hire professionals for everything that needs to be done. I’m sorry, but I enjoying rehabbing properties myself and my ROI is exponentially higher when I am at the property doing as much of the work as I can, because I’m good at it and I enjoy it. If you have the skills, don’t be afraid to use them just because other investors do not. – Andrew Fortune

95. Network. Regardless of whether you’re shy, new, have no money, bad credit, it doesn’t matter. What will help to drastically reduce your learning curve and possibly increase your profits is who you know and what you can bring to the table for each other. Be open-minded to strategic partnerships, mentorships and building your team. In this business, it’s everything. – Tracy Royce

96. Learn from your mistakes and don’t let the same mistake happen twice. When you do make a mistake, get up, and move forward without hesitation. – John Fedro

97. Saving is important. Whether to buy new deals or help fund existing ones, you are going to need money. Make sure to save as much as you can. – Conor Flaherty

98. Learn the Art and Science of Persuasion. – Claude Diamond

99. The only debt you should have in your business is on assets that are paying for themselves. Don’t take out loans for liabilities that won’t carry their own weight! This is completely unsustainable, and one of the fastest ways to run your business into the ground. – Seth Williams

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100.Understand how long it will take you to buy, renovate and sell a property. Know what your cost are going to be for at least one year and if you are paying on a loan, you must know what your monthly payments will be along with taxes, insurance, maintenance (so you can be prepared to pay for all those carrying costs if you don’t sell right away). Always make sure you have a few exit strategies if things don’t go the way you anticipate.Mike LaCava

101. Create a written game plan. Include things like capital on hand, lender approvals, partner splits and resources to hunt/write/repair and flip or rent. – Connor T. MacIVOR

What do you think everyone needs to know about real estate investing?

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{ 77 comments… add one }
  • Danny Johnson November 17, 2014, 10:31 am

    Awesome list! Thanks for including me.

    Danny

    • Seth Williams November 17, 2014, 7:11 pm

      Absolutely – thanks again for sharing your wisdom with us Danny!

  • Andrew Fortune November 17, 2014, 12:43 pm

    This is one of the most valuable article that I have ever read for real estate investors. I’ll be sharing this all over the place!

    • Seth Williams November 17, 2014, 7:11 pm

      Whoa! That’s quite the compliment Andrew! Thanks for the raving review, and thanks again for sharing your insights with me for this article – it was very much appreciated!

  • Ryan Lundquist November 17, 2014, 7:14 pm

    Great idea for a post, Seth. And solid execution. This is chalked full of really valuable tips, and I’m guessing it’s going to be an incredible resource for anyone interested in real estate investing. I appreciate you letting me share a few tips here too. Well done.

    • Seth Williams November 17, 2014, 7:21 pm

      You bet Ryan! Thanks for the positive feedback, and thank YOU for sharing your perspective with the REtipster readers. You da man!

  • Claude Diamond November 17, 2014, 7:57 pm

    I enjoyed reading this list Seth, very creative.
    I would like to add one more “Learn how to Give Good Phone”
    Claude Diamond J.D.
    Author of G.U.T.S.

    • Seth Williams November 17, 2014, 9:13 pm

      That is a great one Claude – one I’ve always remembered from you. 🙂

  • Chris Feltus November 17, 2014, 8:22 pm

    Hey Seth once again this blog post turned out excellent. Thanks for making the effort to put this all together.

    I really enjoyed tip #10 from Danny Johnson and #27 and #32 from Brandon and Joshua. But there is plenty of great advice here for everyone no matter what experience level you are at.

  • Thomas Knedel November 18, 2014, 8:02 am

    Wow! So many ideas and resources!

  • Engelo Rumora November 18, 2014, 5:58 pm

    Thanks Seth,

    Looks great 🙂

    Have a great day.

    • Seth Williams November 19, 2014, 11:19 am

      Thanks Engelo – appreciate you sharing your expertise with us!

  • Jay Lieberman November 26, 2014, 12:48 pm

    Wow! So informative! This must have taken quite a bit of time. I love #76 – I heard a saying, you can’t make all the mistakes in the world; you have to learn by other people’s. Great advice. So much to digest here for buyers and sellers.

    • Seth Williams November 27, 2014, 10:20 pm

      That IS great advice – thanks for sharing Jay, and thanks for checking out the post! I’m glad you liked it. 🙂

  • Quantum Real Estate Dubai December 6, 2014, 5:29 am

    Great Article. Thanks for sharing. A lot of this is over looked and is key to being successful!

  • Tracy Royce of Real Estate December 11, 2014, 2:36 pm

    Rockstar list, Seth. Shared and Shared! Comments are always great to learn from too….”Learn how to give good phone….” Love it. (giggling)

    • Seth Williams December 11, 2014, 9:12 pm

      Thanks Tracy! I’m glad you were able to share your thoughts with us as well – those were some great insights!

      Thanks for sharing too. 🙂

  • Charline Clerk December 22, 2014, 7:02 am

    Incredible publication!
    I think this is by far among the most rich resources I’ve seen lately!
    I usually do not read property related publications that this long but this one goes to my bookmarks for sure! The listicle is suitable not only for property, inventory or real estate in general. Loved it, wonderful work. Keep it up!

    Cheers!

    • Seth Williams December 22, 2014, 10:17 am

      Thanks for the positive feedback Charline – I appreciate it and I’m glad you enjoyed this post!

      • Charline December 23, 2014, 5:08 am

        It is my pleasure. Your 101 on Real estate is both original and quality. I fully realize how much time, effort and resources it must have taken to complete. Because of my job I search A LOT for such resources and goods like yours do not pop up every day.. 🙂
        Cheers mate!

        • Seth Williams December 23, 2014, 8:15 am

          I’m so glad you found this blog Charline! Feel free to drop my a line if you ever have any content suggestions.

  • Rob Shepherd February 12, 2015, 4:07 pm

    What a great way to incorporate everyone’s insights into one extensive post. I’m bookmarking for future because there is just too much to digest here in one sitting. Thanks! Found you from G+ on some posts about people to follow and glad I did.

    • Seth Williams February 12, 2015, 5:00 pm

      Thanks for stopping by Rob! This post took a lot of time to do, but it was a TON of fun to put together. I’m glad you were able to get a few new insights out of it!

  • Franklin Jackson March 2, 2015, 8:04 pm

    Great information Seth. Thanks yet again!

  • Clayton Collins March 26, 2015, 11:55 pm

    I’d say the most important part is to get started. Analysis paralysis can be a real problem, but at some point you have to make an offer and get things going.

    • Seth Williams March 27, 2015, 8:52 am

      Thanks for your thoughts Clayton. You’ve got a great point – it’s pretty hard to argue with that!

  • PTK Ventures LLC April 21, 2015, 1:34 pm

    Thank you for posting this! I just want to say I think this is a beautifully honest post and thank you for sharing your post. You seem like a very gracious person, I am excited to be discovering your blog.
    We are also same in this business and provide opportunity for sellers and investors to make profits in Buy & sell property.

  • Noel Liverton July 29, 2015, 5:54 pm

    This is quite very much informative, i really appreciate your endeavors. We are also into Real Estate business and provide Platform for sellers and investors to make profits by Buy & sell property.

    • Seth Williams July 30, 2015, 8:19 am

      That’s awesome Noel, thanks for stopping by the blog! Great to see you here!

  • EcoHomes September 17, 2015, 4:22 am

    Hi SETH,

    These tips were great the information in it were really selected so that the best ideas will be seen. Not to mention the effort done to construct this long information is also out standing.

    These were really great tips and information for someone who wants to invest in real estate business.

    Thank you for sharing this great of information.

    -Nile

    • Seth Williams September 21, 2015, 3:28 pm

      Thanks for checking out the blog post Nile – I’m glad you liked it!

  • John November 18, 2015, 5:44 am

    Thank you for sharing this 101 great Things,
    this is quite much informative for buyer and seller

  • Sherman December 16, 2015, 12:25 am

    This is amazing! 100 things to know about real estate! I didnt know there are several things that I still dont know about it. You have just fed my knowledge.

  • Authority Property Management January 24, 2016, 8:25 pm

    What an Awesome blog post. Thanks for taking the time to post it.

    • Seth Williams January 26, 2016, 10:10 pm

      You bet! Thanks for taking the time to read it (I know it’s a longer one)!

  • Galaxy Builders March 15, 2016, 6:32 am

    Great post. Very informative. Thanks for sharing the same.

  • Aurelia Peart March 20, 2016, 11:51 pm

    Great Post! Thanks for sharing it.

  • sell my house fast DC March 29, 2016, 2:00 am

    Great Post.Thanks for sharing this post.

  • 3 BHK Flats in Wagholi April 5, 2016, 9:20 am

    Hi Seth,

    Great informative post. Thanks for sharing such a great idea with us.

    Thanks!!

  • Rachel Chappell July 26, 2016, 8:47 am

    Nice post, i like specially 4th and 96th point
    #4 – If you can’t close, don’t make an offer.
    #96. – Learn from your mistakes and don’t let the same mistake happen twice.
    Thank you Seth for very useful post.

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