Do's and Don'ts
Real estate is a proven solid investment. But that is only if you make the right investment. Follow these tips to avoid some common commercial and residential property investing mistakes.
Do follow the adage: "Location. Location. Location." Some things never change. And this is one of them. Work with someone who knows where the prime properties are now as well as where they will be in 5, 10, and 15 years.
Don't always think bigger is better. Investing is personal. And personal is not always what you get from large property brokerage companies. Your realtor should understand your tolerance for risk, your ability to manage the property, how much you are willing to invest, and what you expect to get in return.
Don't ignore the propensity for cash flow changes. Cash flow can change from one economic environment to the next. The key is to limit your risk. A good broker will know how to judge present versus potential cash flow.
Do discuss cash vs. credit. Work with your realtor to discover which is the best way for you to invest: cash or credit.
Don't rush in. It may take a while to find the right investment in your price range. Be patient. It will pay off in the end.
Do go Solo. As a family-owned business, Solo Real Estate understands the value of personal relationships. Our expertise in and knowledge of property investment can help you find the right property at the right price. Go Solo before you go out on a limb.
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