Real Estate Acquisition: 4 Basics – How to build a successful acquisition system – new video! on
Real Estate Acquisition: 4 Basics – Real estate acquisition is the foundation for any real estate investor. It’s about finding the right opportunities to buy real estate or sell real estate. In my latest YouTube video, I go into detail about the basics of real estate canvassing. In this article, I’ll summarize some key points from it and show you how to build an effective real estate acquisition system. Subscribe now: Lukinski YouTube!
4 tips for “cheap” real estate
How do you find the real bargain houses and apartments? 4 basics to get you started with real estate & investments.
Neighborhood: make it known you’re buying real estate
The local neighborhood is often the best place to start your real estate acquisition.
People around you should know about your interest in real estate investing!
Because only if they hear about it, they can automatically send you offers or recommend you to potential sellers.
One way to increase your presence in the neighborhood is to attend local events. At these, you can start conversations about real estate and share your intentions. In addition, social media can be helpful in spreading your message. Remember that building trust in the neighborhood takes time, but can be the basis for many successful businesses in the long run.
- The local neighborhood should be the first to know about your intentions
- If no one in your area knows you’re looking to invest in real estate, potential deals and referrals will pass you by
- Use local events, social media and word of mouth to communicate your interest in real estate
Address B2B contacts: Networking with professionals
Working with business partners can be extremely valuable to your real estate acquisition efforts.
These include professional brokers, tradesmen and property managers.
These players often have access to properties even before they appear on the public market.
To work successfully with these professionals, you should offer superior incentives that motivate them to send you information about real estate listings. Partnerships or tipster commission can be an effective way to pique their interest. A good relationship with B2B contacts can give you access to exclusive properties and give you a competitive advantage.
- Search for B2B contacts such as professional brokers, craftsmen or property managers
- These contacts often have access to properties before they appear on the market
- Consider how you can be attractive to these contacts, such as through partnerships or referral fees
Direct contact with owners: Actively search for real estate
Sometimes it is necessary to actively search for properties and contact owners directly. This means that you proactively look for properties, whether in your area or in specific regions that are interesting for your investments.
Research carefully to locate owners and have professional conversations to get their interest. It’s important to build trust and be respectful, as this increases the chances that owners will work with you and offer you their properties. This direct approach requires patience and persistence, but can often lead to great deals.
- Actively search for properties and talk directly to the owners
- Do research in your area or areas of interest for your investments
- Be respectful and professional in your conversations to gain the trust of owners
Continuity: patience and consistency
Successful real estate acquisition requires not only commitment, but also patience and consistency. It is unlikely to become a millionaire overnight.
Take a long-term approach and continually work on your acquisition strategy.
Be authoritative and serious in your appearance to leave a positive impression. Set realistic expectations and be patient. Real estate acquisition can take some time before the first successes become apparent. Hang in there and stick to your goal – sooner or later you will be able to reap the rewards of your work and make successful real estate investments.
- Continuity is key. Build a long-term strategy
- Be authoritative and serious in your appearance to make a good impression
- Don’t lose patience – real estate acquisition requires time and preliminary work
4 Basics: Acquisition with a system
Property acquisition is a crucial step for real estate investors to find the best deals. A well-built real estate acquisition system can significantly impact the success of your investments. Remember to involve the local neighborhood, use B2B contacts, approach owners directly, and be continuous and patient. For more valuable insights and tips, check out my YouTube video on real estate acquisition basics.
Lukinski YouTube: Yield, Capital Investment & Co.
Discover with me the decisive factors, key figures and basics of real estate investment. Compared to other forms of investment, real estate offers a ‘safer’ way to invest capital with consistent returns and long-term appreciation. Want to invest your money wisely? My recommendation: Real estate, passive income and a good life.