Tips for Investing in Real Estate - Craig Feigin

TIPS FOR INVESTING IN REAL ESTATE

INTRODUCTION 

Real estate investing is more complicated than investing in stocks because of the financial, legal, and extensive due diligence requirements involved.

That’s why it’s a good idea to give yourself a solid education before you purchase your first investment property.

TIPS FOR INVESTING IN REAL ESTATE       

Location Matters Look for Wholesale Properties Understand the Tax Benefits Check Your Credit Report Use the “1% Rule” Real estate investing is a business Talk with other investors about local real estate

LOCATION MATTERS 

The old adage that “location matters” is most accurate when it comes to real estate investing.

Before you fork over a down payment and put yourself in a significant amount of debt over a property, ensure that it’s in a good location.

LOOK FOR WHOLESALE PROPERTIES 

Investing in real estate is just like investing in the stock market in at least one way: you’re looking for the best deal. If you’re a savvy stock market investor, you probably won’t buy too many stocks at their high if you plan on holding them for a long time.

UNDERSTAND THE TAX BENEFITS 

The people who run our government want private investors to provide housing for people. That’s because they know that if private investors don’t provide housing, then the government will be responsible for it.

CHECK YOUR CREDIT REPORT 

You’re more than likely going to need to borrow money to buy real estate. That’s why you should check your credit report before you begin investing in real estate.

USE THE “1% RULE” 

If you’re planning on buying a property that you’ll rent out one or more tenants, use the “1% Rule” when you decide whether or not the property is worth the price you’ll pay for it.

REAL ESTATE INVESTING IS A BUSINESS 

Start by developing a good business plan, detailing the nuances of starting and running your business, with realistic goals over time frames of one, three, five and 10 years.

TALK WITH OTHER INVESTORS ABOUT LOCAL REAL ESTATE ï‚¢

Real estate clubs are great places to network with other investors, lenders, and repair service providers. You can often pick up helpful advice about your local market from other club members.

WHO I AM‌ 

Craig Feigin is a real estate investor which located in Florida who provide the help in business and marketing.