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Advice regarding real estate investment?

 
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elizabeth_wright



Joined: 01 Nov 2007
Posts: 35

PostPosted: Tue May 01, 2012 7:35 pm    Post subject: Advice regarding real estate investment? Reply with quote

Hi,

What are some big first time mistakes that I should avoid? Most of all, How should I start out? Buying a condo or low-income housing and renting it out? Please, if you have experience or first hand knowledge about real estate investment, I would love to hear your take on it and what you would’ve done better if given a second chance.

Thanks for any help!



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Gotony_len



Joined: 28 Aug 2008
Posts: 86

PostPosted: Tue May 01, 2012 7:39 pm    Post subject: Reply with quote

I would give a simple thought. In real estate business you need to understand a lot of things but first you need to understand whether you are knowledgeable on the things related to this industry. Experienced here matters most!
If you wish to have your first ever investment then you should determine the financial term you are willing to invest also the type of property you are going with. Renting out the property is also a good approach as it can generate monthly income basis.
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