You can get better results – sooner - in your search for real estate money - if you follow a proven procedure. “And what’s that procedure?” you ask. Here it is, in seven simple - and lucky - steps for you:

1.Decide what type of real estate you want to own. At the start, it is best to specialize in just one type of real estate. Why? Because then you don’t scatter your efforts or energy.

2 Search in your area for the type of real estate you want to own.

Result of all this free advertising? Millions of people will invest in pub-tic (and private) real estate organizations. So you can - if you have a unique idea for real estate - raise money for your idea from the public via a public offering on a stock exchange.

Or the stock broker who is interested in taking your project public might instead decide to offer it privately to clients. This is called a private offering. Such an offering will - in general - get you your real estate money faster than a public offering. It takes about 90 days to do a public offering. A private offering can be done in 90 minutes!

Shopping malls require experience for their financing, purchase, and operation. You’ll get this either as an owner of mini-malls or as an employee of a large shopping mall. Just be sure you know what you’re doing before you buy a large shopping mall.

Funding for mini-malls and shopping malls often comes from local banks near the facility. Why is this? Because local banks:

•Feel safer with property near their own.
•Understand nearby property values better than distant ones.
•Have personnel who shop locally and want to see the area grow.  

Atlanta Hotel Market Booms
By the year 2010, Atlanta will have 38 additional hotels with more than 3,830 rooms. The city has seen many of its projects stagnate in the years since the 9/11 terrorist attacks, but the crane-spotted skyline would imply the stagnation has passed. The city has seen 12 hotels rise in 2004 and 2005 adding about 1,500 rooms, according to PKF Consulting, Inc. Atlanta has 746 hotels with 92,117 rooms. PKF knows of 53 hotels in the metropolitan Atlanta area that are either in development or in planning. Those would add 71,000 rooms. The deluge of development was prompted by solid demand. Room rates rose to $79.46 in 2005 from $77.47 in 1998, signaling a demand upswing.

Today’s nothing down and creative real estate strategies are among the most cutting edge in the industry.

Yet it still amazes me how frequently investors make the same common mistakes. If you can avoid these mistakes, your success can be beyond your wildest dreams n this business.

1) Books and tapes don’t work n their own, it takes a will more support than that. Be realistic about this.

2) You can always offer too much. Don’t’ be afraid to make low-ball offers.

3) Simplify the process of evaluating deals strictly by the numbers.