One such person is Ofir Eyal Bar. From a young age, Ofir had an interest in real estate. Today, he is a highly successful investor that is considered to be a thought leader in the space, with properties around the world. So, how do you go about investing in real estate like Mr. Bar?
It all starts with research. Ultimately, a knowledgeable investor becomes a successful investor. While learning about the world of real estate investing in and of itself is important, it’s also important to take some time to learn about the market in which you intend on investing.
The reality is that every geographic market is going to be different. Real estate prices will vary wildly, so too will neighborhood styles, foot traffic in strip malls, fill rates in apartments and more. With that said, it’s important to take some time to do research on the specific area in which you plan to invest. For example, look up:
The more research you do on the area in which you want to invest, the better chance that you will have to become a successful real estate investor.
It’s never a good idea to jump at the first offer that you find. Making an investment into a real estate property is not going to be a small investment. Make sure that you get the best deal by shopping around. A few areas to check for a good deal include:
Follow the BRRR method<!>
BRRR means Buy, Rehab, Rent, Refinance. The process is simple, and can lead to incredibly fast growth in your real estate portfolio. First, buy a property that could use some work. Once you own the property, rehab it and rent it out. Once rented refinance the property at the new value.
The process leads to success as improvements are made right in the beginning. From there, when the property starts to generate income, the investor refinances, generally taking equity out of the property in the process. This equity can then be used to cover expenses in purchasing and rehab a new investment property.
If you’re looking to become a real estate investing success like Ofir Eyal Bar, there’s nothing in your way but you. To follow in the footsteps of this mogul, simply follow the steps outlined above. Start with research, make sure that you’re getting a good price when making an investment, and follow the BRRR method. In doing so, you’ll likely find a high level of success in the real estate investing world.