Real estate investing has been around since before even the stock market and is one of the oldest forms of building wealth. Journey to financial independence and success is a long one and requires a lot of planning.
When it comes to investing in real estate, most people have trouble deciding how to go about buying their first or second property. In order to figure out what type of property you are looking for you will need to know what exactly you want to get from real estate investing. Good investment goals fit with your long-term objectives
Warren Buffett
Before you start searching for your investment, you should familiarize yourself with different types of properties and the advantages and disadvantages of each one. These advantages and disadvantages will also vary depending on if you’re looking to Buy & Sell, Buy & Hold, or Both.
Stand-alone structure built on a single lot intended for one family.
Single unit within a larger building or community.
Multiple separate housing units in a single structure.
Mark Twain
Andrew Carnegie, one of our nation’s first entrepreneurs, said everything starts with a vision and definiteness of purpose. Napoleon Hill stated “No one may achieve success without first knowing precisely what he wants.”
Once you set your short term and long term goals you should focus on building a trusted team of professionals to help you along the way. You will rarely find successful real estate investors without a carefully selected team of real estate professionals, mortgage brokers, attorneys, home inspectors, insurance agents, accountants, title companies and contractors behind them.
Andrew Carnegie, one of our nation’s first entrepreneurs, said everything starts with a vision and definiteness of purpose. Napoleon Hill stated “No one may achieve success without first knowing precisely what he wants.”
Once you set your short term and long term goals you should focus on building a trusted team of professionals to help you along the way. You will rarely find successful real estate investors without a carefully selected team of real estate professionals, mortgage brokers, attorneys, home inspectors, insurance agents, accountants, title companies and contractors behind them.
From our first meeting to closing on your new investment property. We want to help you achieve your goals.
There is no time like the present. You should start planning your investing goals and researching, even if you’re not ready to buy your first property just yet.
There are a number of options when it comes to financing your first investment. You can use conventional financing by acquiring a loan from a traditional lender, or you can use a private or hard money lender. Private lenders are less strict in regards to the loan requirements, but they do typically charge higher interest rates and fees.
No. You can hire a property management company to help you with finding the tenants and property maintenance. Good management company is worth their weight in gold.
No. Depending on the market circumstances and your individual goals paying all cash sometimes makes sense, but sometimes it doesn’t. There are times when using leverage and obtaining financing brings greater ROI – Return On Investment.
Absolutely! We would love to sit down with you and help you understand the difference in investing for cash flow vs. investing for capital gains and go over the pros and cons of each property type.
Yes and No. This depends on your goals, market and property conditions, and the asking price. The best way to answer this question is for us to run a Comparative Market Analysis (CMA) report for you and go over the numbers and findings.
The best investment strategy for you will depend on your goals and the amount of time and money you are willing to invest.
Absolutely! We believe that Communication Is Key. Fill out the Contact Us form above, and we’ll get back to you shortly. Old-fashioned phone calls and text messages work too.
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