Building solid property investment portfolios for clients for any size will pay off for real estate executives interesting in maximizing profits.
Single deals, be it for residential or commercial clients, are essential business transactions, but the key to long-term growth is diversifying property portfolios, according to a leading author in the field.
“If you help other people get what they want, you can get whatever you want in life. I want to change the way you see real estate,” Dolf de Roos advises real estate executives.
The best way to build up a client base of real estate investors is to become an investor yourself, de Roos said. Drawing from the tips in some of his more recent books, including “Real Estate Riches: How to Become Rich Using Your Banker’s Money.”
De Roos offers the following tips for real estate executives:
- Do research to find undervalued properties in markets with high growth potential
- Take advantage of emerging demographic trends, such as retiring Baby Boomers, by investing in properties that meet their needs
- Keep an eye out for opportunities near water, which show strong appreciation