Jeff Adams Scam Avoidance Tips for Beginning Real Estate Investing Career

Many investors today want to add real estate to their investment portfolios, but they don’t know the multipart nuances of real estate investing or how to start the process. Real estate investing is considerably different from investing in stocks and bonds and it can seem devastating to brand-new investors.

 Real estate investing is the best business, and you should treat it as such. Start by developing a good business plan, detailing the nuances of starting and running your commerce, with realistic goals over time frames of one, three, five and 10 years.  

Check your credit report to decide your ability to finance investment property. Most lenders today require better scores from borrowers who want to buy investment property. Also, make sure that your total debt-to-monthly-income share is low. Frequently it makes sense to pay down outstanding credit card debt or car loans in order to progress your debt ratios.

 Find a good bank in your area and Realtors are good sources for recommendations, or you can ask other investors whom they’ve used. Establish the best areas to look for properties. Some new investors make the mistake of limiting their hunt to areas close to their house. But frequently better rental areas may be positioned a little further away. 

Find a good Real Estate Agent to help you locate properties. Not all Realtors are experienced or even adept at helping investors. 

Learn from the best. To achieve success, model your investing decisions after what other thriving real estate investors in your area have finished. In short, remember that like anything else, the harder you work and the more attempt you put into your real estate investment business, the better your ultimate reward will become over time. 

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