Lux Investing

What is you Best Real Estate Investing Tip?

What is you Best Real Estate Investing Tip? You are more than welcome to post it on Your Creative Real Estate Investing Forum: http://www.forumforme.com/ Thanks!

Public Comments

1. I would say, don't invest in real estate right now outside of Houston, Dallas, Chicago, and Seattle, all other markets are in a decline or at very best, a holding pattern. If you want to work that angle, invest in the ABX index, it's a much better risk in the current market.
2. I would say the best tip is find a good qualified real estate agent who knows what they are doing. It is a tricky game, and you need someone who understands the investing side of real estate, and who can give you guidance. RE Agent, Remax
3. My best Real Estate investment tip would be to buy with long term vision. The property should produce a positive cash flow (Income from rent minus the expenses such as mortgage, taxes, insurance equals cash left over). In this situation you are able to hold on to the property till you are ready to sell when the timing is right and the market is at a peak. During the time between purchasing and selling, the renters are paying all the expenses and paying down your mortgage. Following this formula you will always win on every property!
4. The best tip I can give you is to be knowledgeable about real estate investing. Listening to the guru's on TV, buying their program does not make you a real estate investor. I would suggest that you go to the book store and purchase several books on buying, flipping and selling as well as other books on how to purchase distressed property. One of the things I would not depend on is a real estate agent,. most of them are if you don't have 10% down with a 720 credit score and a pre-approval form in your hand, don't even want to talk to you, so I would pass on the real estate agent, you will eventually meet one through trial and error,mostly error. I you do not have enough money to invest in real estate you will need several if not more investors to assist you in being successful. Next thing is you have to put together a professional team to assist you with your endeavor to become a real estate investor, someone are Notary public, Title Rep, Escrow closing agent, attorney, home insurance agent and others that might be added later as you become better known. I hope this has been of some use to you, good luck. "FIGHT ON"