Most people probably think of the DOW or the stock market when they hear “investment”. But, real estate investing can be just as lucrative. Learn how real estate can be profitable for you by reading the article below. Soon, you can become successful.
Before investing money into any properties, you should do your research and analyze the market. Check out anywhere from 50 to 100 properties in your desired location, and take notes in a spreadsheet. Things to list include current pricing, projected rent earnings, and repair budgets. You can easily spot which deals are good and which deals are bad this way.
Consider an LLC before you begin your investment. This will make sure that you and your investments are protected as you move forward. On top of that, the business dealings can quality for tax credits.
Avoid purchasing property before having a property inspector come and take a …