Do you want to be a real estate investor but not sure where to start? Is Real Estate a Good Investment? In this video, I discuss where you should start if you are considering real estate investing and how to invest in real estate.
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How to get into real estate investing
If you are considering purchasing investment property, my recommendation is to first figure out if you are looking for cash flow or appreciation. A lot of people want both the positive appreciation as well as the cash flow and in most real estate markets this is very hard to do unless you are considering using the investment property as a short term rental.
What is cash flow?– cash flow in real estate is the amount of money that you are receiving every month from your real estate investment
Positive Cash Flow in real estate investing means that you are making more money on your rent than you are paying on your mortgage, taxes and insurance.
What is a short term rental? – Short term rentals are generally furnished properties that are rented for short periods of time from 1 night up to a few months.
How to start investing in real estate
Before you start investing in real estate, please make sure that you aren’t using every bit of cash you have to purchase a property as you will next excess funds for a rainy day. Everyone wants to own investment property but no one wants consider the down sides of owning investment property like vacancies, repairs, etc…….you should have enough cash set aside so that you are prepared for a “rainy day”.
Do I need a real estate license to invest
No, you do not need a real estate license to invest in real estate. If you are considering investing in real estate it’s best that you meet with a realtor to discuss what you are looking for and trying to accomplish so a Real Estate Agent can guide you in the right direction. A professional Realtor can help you make sense of the real estate investing process and help determine what kind of real estate is best for you.
Are you thinking of becoming a real estate investor and wondering “can you make money in real estate investing”? Do you have questions about buying investment property? Please comment below or contact me directly.
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