Making money with real estate sounds easy to most people, but people realize that there is a lot more needed in knowledge and experience.You can’t control what the market is doing, you can give yourself an advantage by having a clear understanding of how it works.
Prior to starting your real estate investments, choose a particular submarket to focus on. Some like to flip properties and that may be ideal for you as well. Or, the challenge of rebuilding rehab projects from scratch may be a better choice. Each takes different work, so know what you like and hone your skills.
Do your research before real estate investing.Look at between 50 and 100 properties in the area you’re interested in, and keep a spreadsheet handy. … Read the rest