Houston’s Haidar Barbouti is a real estate developer who has changed the property scene of the US. He has done this after much hard work, determination and perseverance. Being one of the pillars of the Barbouti family, Haidar Barbouti has a lot of experience in both real estate investment and developing. Here, he offers real estate investment tips to beginners –
Do Your Homework – There are people who jump into the real estate bandwagon without polishing their basics about the industry and Haidar Barbouti advises those people to be cautious. The real estate market is a fickle one and bad decisions can prove to be costly. On the other hand, he also advises people on the other end of the spectrum – those who try to learn everything related to real estate overnight – to take it easy and leave something for hands on experience to teach them. In order to be an expert, one has to be a student first.
Real Estate Is A Long Game – Haidar Barbouti believes that people can be made rich beyond measure if only they understand that real estate is not an industry that creates millionaires overnight. For investing in real estate, people have to be patient and have to play the long game. Since most people invest in real estate to save up for retirement and a secure future, Haidar Barbouti recommends researching properly and choosing a property that they can hold for a long time.
Learn the Jargon – Learning the basic real estate jargon is extremely important for beginners because it would help them understand certain concepts when they are talking to real estate developers. Haidar Barbouti also adds that if the developer is talking about something that is new and unheard of, people shouldn’t hesitate to ask questions instead of just going with the flow.
Investment Doesn’t Have to be Full Time – Despite what investment gurus might say, Haidar Barbouti advises people to think before quitting their day job. Investment can be a decent source of passive income but becoming a full time investor is no child’s play. There are a lot of people who invest in real estate as both a career and investment but starting small is recommended at the beginning.
Haidar Barbouti has always stayed humble throughout his successful ride, trying to care for those who are less fortunate and even sparing a some thought for defenceless animals. His charitable work across Houston has helped to a lot of people.