Real Estate Insider Blog

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06
Feb
2018

5 tips when making your first real estate investment

Real estate investment is considered one of best ways to achieve a steady income. According to a Bankrate national survey, Americans consider real estate to be their most favorite way to invest money not needed for a decade.

Whether you’re a real estate agent or investor, getting into the investing game is a challenge that needs careful consideration, especially in the beginning.

There are many different types of real estate investments. Each has its benefits and drawbacks, but as long as you do your research, you will be able to secure your stability.

But before you take the first steps toward real estate investment, here are some tips to remember.
 

How to decide on a property

As an investor, it’s critical to work with the right people to capitalize on investment properties. An agent’s professional awareness about value, location and ROI of the property determines if the investor will make or lose money.

Whether you choose to work with another agent or go it alone — do your homework.

Look at 100 properties. Conduct extensive sessions and look at each property carefully.

Looking at multiple investment properties in all sorts of areas allows you to get a better understanding of the worth of different properties. Doing so will also ensure that you buy a property with a high market resale value, which will consequently move you toward your financial goals.

Many successful property investors use the...

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