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Sunil Tulsiani's Real Estate Investment Tips for Success

Written by Posted On Wednesday, 14 March 2018 23:06

Sunil Tulsiani is the founder and CEO of Private Investment Club (PIC), created in 2005. He is a best-selling author and is considered one of the top international keynote guest speakers on the subject of real estate investing. We asked him what would be his top three basic, yet overlooked tips to build a profitable real estate portfolio.

Many fortunes are built on real estate, however, many also lost it all. 2008 left many wondering if real estate investing is still a good opportunity to build wealth. The answer is a resounding yes!

Let's face it, though, the idea of becoming an investor can be daunting. You need to address many intimidating issues such as finances, legal assistance, and administration procedures. You also need to fine-tune your interpersonal skills and develop your eye to better identify good business opportunities. Poor decisions never made anyone wealthy. So any bad decision can jeopardize anyone’s endeavor to succeed. This is why having a mentor can help simplify things, saving you both time and money.

At this point in time, Sunil Tulsiani has helped 13 different people become millionaires and has helped 100s of people start on their dream of becoming financially free. Each one of these success stories started with these foundational tips to becoming successful in real estate.

TIP #1: LEARN HOW TO BUY DISCOUNTED PROPERTIES.

Today, almost everyone understands the basic principle for success in property investment, buy low, sell high. You don't have to be a rocket scientist to understand if there’s a house with a market value of $100,000 and you can buy it for $70,000, you're going make a profit. But is it really that easy?

According to Sunil, you need to do three simple things:

  • Become part of the inner circle

  • Get a mentor

  • Associate with those people already enjoying financial success, regardless of their niche.

Let’s begin with the importance of an inner circle. Rarely will you find excellent investment opportunities surfing the Internet or scanning the papers. This kind of information is usually off the grid, meaning it spreads by word of mouth.

Look for a local investor's club. Sunil believes these are where the people with information on good deals are most willing to share.

TIP #2: INVEST IN REAL ESTATE WITHOUT USING YOUR OWN MONEY

Sunil is quick to point out the obvious, you can’t invest in properties without money. However, he gives you some ways to use other people’s money to get in the game.

The first one is using the banking system. For example, in Canada, you need to have at least 20% of the total cost of a property before the bank lends you the other 80%.

So you need to find someone who has that 20%, (an investor, a private lender, real estate clubs, etc.) and get them to come onboard.

One of Sunil's suggestions to do this is to find someone who wants a building with renters but doesn’t want the hassles involved in running such an operation. They can lend you 100% of the investment. While you take care of the property and the renters, they increase their cash flow. A win-win situation for both parties.

Also, if you find property selling below market value, you can buy it using an assignment contract and later re-sell it to an investor for a higher price.

TIP #3: MINIMIZE THE RISKS

When it comes to investments, there’s always going to be a risk; it’s unavoidable. However, the experts know how to greatly minimize these risks. Sunil Tulsiani highly recommends these two principles.

1. Always work with somebody you trust and who is successful at what they do. When you invest time and money in a project with a partner, you should have similar goals. Everybody has to be reliable and bring something useful to the table.

2. Never buy based on emotions. If you are looking for a home for your family, you need to feel good about the place. However, when it comes to investments, the only things that really matter are numbers.

Bottom line, the cash flow has to be higher than the expenses. Otherwise, you are just losing money month after month. Certainly sounds like common sense, however, countless investors have lost it all by miscalculating this obvious rule.

These three basic investment tips that Sunil Tulsiani shares will all his students prove to be the first steps to success stories for many. Meet eight of Sunil’s millionaires on this video from a live event. One of them is a single mother who bought 18 properties with no money down. Simple steps work if pointed in the right direction, just follow Sunil Tulsiani’s lead.

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James Stevenson

Hi, My name is James and I've been involved in the property and real estate industry for 10 years now. I hope people will like to read about my thoughts and experiences in the industry and please contact me if you want to discuss my articles further!

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