Get off your couch and go build some relationships
b8877587742has quoted4 years ago
What is the end goal? Where are you headed? What kind strategy do you want to use? What won’t you do? (e.g. I won’t purchase condos, commercial real estate, etc.) What kind of properties do you want to buy? How often will you buy properties? How are you going to finance it all
b8877587742has quoted4 years ago
Understand that risk is a powerful but dangerous tool, so tread cautiously. Build a solid educational foundation for yourself before getting in too deep. Don’t skimp on the math. Always understand the numbers for any property you buy. Work on your business, not in it. Treat your investments like a business—which they are.
b8877587742has quoted4 years ago
best determine exactly how much of your monthly payment is applied to principal and how much to interest at different times during the loan payback period, use an online amortization calculator such as the one found here: www.amortization-calc.com/.
b8877587742has quoted4 years ago
mortgage, taxes, insurance, vacancies, repairs, capital expenditures, and utilities
Ventsislav Kovatchevhas quoted5 years ago
They should understand the basics of return on investment, appreciation, making lowball offers, dealing with foreclosures, and what properties are currently renting for