Although the news may sound like the world is coming to end. The real estate market and the individuals who are in the "know" are CASHING IN!! This is the best time to purchase whether a owner/occupant or as a real estate investor. If you are wanting to get into the market as an investor here are a few rules to live by:
RULES TO INVESTING IN REAL ESTATE
1. Have a business plan….. Why real estate? What do you want to accomplish investing in real estate?
2. Have a criteria and stick to it.
3. Do your research on the properties.
4. Always put your investment property in an LLC. Get legal advice.
5. Have a good CPA and Attorney
6. Always have CASH FLOW. Without the cash you will not be able to make it work.
7. Do not purchase investment property with large yards or swimming pools. Costly to maintain.
8. Never rent to FAMILY or FRIENDS. This is a business not a charity.
9. If you are purchasing property with a loan, ALWAYS get a fixed interest rate and on a 15, 20 or 30 year loan program.
10. ROI (return on investment) less than 60 months. This will depend on your own criteria and properties Performa
Visit my website www.sharebuildersinc.com or call (702) 236-6266
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