Real Estate Investor, Stephen Dowicz, Shares Six Tips to Remain Successful in Real Estate

NORWALK, Conn., Sept. 15, 2017 /PRNewswire-iReach/ -- Real estate investor, Stephen Dowicz, shares six tips to remain successful in real estate.

Staying successful in real estate requires a combination of research and savviness. It is a competitive industry. Following the following five tips can lead to continued success in the real estate market.

Devise a plan. Craft a business plan that identifies short- and long-term goals. It helps to visualize the big picture and maintain focus while achieving those goals. It will also keep you organized.

Do some homework. Before making any real estate investments, it is important to develop an in-depth knowledge of the market. Conduct some online research, noting any emerging market trends as well as changes in mortgage rates, the unemployment rate, and consumer spending habits, as these factors affect the market. 

Maintain that education. Keeping up-to-date on the market is an ongoing process. Trends and regulations are constantly changing. Fall behind, and risk losing those investments.

Hire an accountant. Successful real estate investing is not just about discovering the most lucrative opportunities. Taxes are a major part of a real estate investor's yearly expenses. Navigating the ins and outs of tax laws is not only challenging, but it can take away valuable time from your business. Hire an experienced tax attorney to handle your books so you can focus on what you do best.

Carve a niche. In order to realize success, do not cast too wide of a net. Focus on a specific market, Stephen M. Dowicz maintains. Being an expert in one portion of a market is integral to successful real estate investing. Once that portion of the market is mastered, use that same focus to learn—and master—another portion of the market.

Develop a network. Why try to navigate the complex real estate market solo, when you can build a network of colleagues, mentors, business partners, and clients? Chances are, these people will have advice and tips to share. In turn, you can impart your expertise. The better the network you build, the greater your chances are of generating referrals, which will result in more investment opportunities. Challenge and support each other, and everyone will achieve success!   

About Stephen Dowicz: Real Estate Investor Stephen Dowicz is a philanthropist and successful businessman in the spa industry. He has made many charitable contributions over the course of his career and is an expert in private equity matters.

Media Contact: Phil Santinoceto, The Data Workshop, 509-281-6232,

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