REAL ESTATE AND COMMUNITY DEVELOPMENT

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Stay on top of your investments

Real estate investing can be a rewarding and profitable business endeavor, but it can years for your property or properties to become reliable income streams. Make sure you’re getting a good deal on your investment property and that the property is … [Continue reading]

Don’t quit your day job just yet

15) Don’t quit your day job just yet It seems like common sense, but too many real estate investors have gone belly-up with their finances because they relied too heavily on turn around profit or rental streams of income, and then the market took a … [Continue reading]

Plan on long-term investments

14) Plan on long-term investments The longer you own the property, the greater your return will be. Don’t hop in and out of property ownership. A little bit of patience goes a long way to increasing your returns. 15 Tips for Breaking into Real … [Continue reading]

Hope for the best, plan for the worst

13) Hope for the best, plan for the worst When you own a property, it’s essential that you hope for the best but plan for the worst. Between expensive repairs and downturns in the market, you need to have a backup plan and money in savings to help … [Continue reading]

Learn from the experts

12) Learn from the experts If you’re looking at getting started with real estate investing, reach out to the experts in your community. Join a real estate investing club and reach out to experts online. Invite a local broker to lunch and pick their … [Continue reading]

Buy a one bedroom apartment

11) Buy a one bedroom apartment There will always be people looking for a one bedroom apartment. College students, bachelors, widows, and single working class people all usually look for a one bedroom unit, since it’s the most affordable housing … [Continue reading]

Buy local

10) Buy local Unless you plan on hiring a property manager, take the travel distance into consideration when looking for a real estate investment property. Sometimes you can go months without having to make repairs or visit the property, but other … [Continue reading]

Know the neighborhood

9) Know the neighborhood Don’t buy a property in an area you’re not familiar with. Know the history of the neighborhood, and do your research. Find out how the schools rank, what the crime statistics are, and if there is any noise or air pollution … [Continue reading]