We had great response to our real estate investing overview, so we’re going to do an entire column! It will be broken into several sections and provide an overview to real estate investing as a whole. There are many different ways to approach property investment, and this is my personal opinion on the matters! As Always if you have additional question, please give me a call! I have been investing in real estate for years and have great knowledge of the Coeur d’Alene market.
Before we launch in to the investment column, I wanted to lay out some “ground rules.” When your writing a blog, you have to generalize most processes to compensate for most people. Fact is no real estate transactions are ever the same. Each time you research an investment property, it is a new experience! The changes, nuances, and differences between each deal make the industry very engaging for new investors. With generalization in mind, the our advice isn’t for everyone in every situation. Each different person will have specific needs and goals to accomplish. That is what makes your real estate agent invaluable! I have so much knowledge of the intricacies of real estate deals that I can provide invaluable advice to your specific investment needs.
Investing always carries risk. Real estate investing has been long established as a very safe and successful way to grow your wealth, yet it is still an investment. Before we jump into the world of real estate investing, we will need to assess your ability to take on additional risk.
With these basic rules in mind, we will start to cover preparation, research, down payments, management, and long term growth! Wow, that was a mouthful. Jumping in to the exciting world of real estate investing will be incredibly rewarding! So sit back, relax, and get ready for the CDA Real Estate Investment & Property Management Investors Guide! It will be quite a trip!