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Tips For The New Real Estate Investor9/15/2017 Tips For The New Real Estate Investor was first seen on http://mpgdeals.com Are you new to the real estate investment business? Don't know where to start? Well luckily for you, you are in the right place to learn a lot about real estate investing. Through the coming months we will continually have new content with some of the best articles to learn how to get into, maintain, and grow your real estate investment business. The very first thing you need to do is make the choice of whether or not you are running a business, or is it just a hobby? If you are serious about quitting your job and only investing, and even if you are just trying to gain some long term wealth, you need to treat your endeavor like a business. If it's just a hobby, better find something else because if you don't commit to it, you are likely to loose money. The fact of making and treating it like a business was just covered in an article that we found and has some good points:
Good article, and it also goes on to talk about knowing your weaknesses and strengths, which is a must no matter what business you are in. The next thing you have to know is how much time are you willing to put into this business? It's not like the TV shows where you are going to hit it big on your first deal. It will take time. No matter if you are marketing or have a realtor, you still have to look at properties to make judgement calls. Time will be a big factor no matter if you are purchasing properties for buy and hold or fix and flip, time is a precious commodity. Akron Beacon Journal just published more on how time is a factor:
Good reading, even though the article is really only geared towards rental properties. They also go on to talk about how take into consideration your personal abilities, the size of your first investment as well as additional costs beyond the purchase price. So as you can see, there are a few things that you need to consider and commit to before deciding on jumping in on the real estate investing band wagon :) However, if you are committed to the cause, then real estate investing could be very rewarding for you! If you found this article somewhere besides our main site and are looking for deeply discounted investment properties in and around Metro Atlanta, visit our site MPG Deals. via Blogger Tips For The New Real Estate Investor
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