• Investment Property That Earns

    Investment Property That Earns

    As you invest in real estate the goal is to make your money work for you.  There are many ways a property can become an investment.  The more traditional income property is rental; with your investment you may consider APPRECIATION.

    Appreciation is when the property is appraised at more value then when originally purchased.  This occurs when the other properties around your property become fewer, or major developments such as malls or business developments are built.  You make upgrades to your real estate investment making it more attractive to possible renters or buyers.

    Once a person has invested in rental real estate, they may consider a mini business of vending machines in public areas.  In the laundry room, the vending machine can dispense items such as detergent, fabric softener, bleach, or dryer sheets.  In an office area, snacks or beverages, possibly local maps, some places have also gotten creative with other items to dispense.

    Real estate investing can be overwhelming sometimes for beginners; it is easy to get lost in the amount of information with blogging, internet searches, and television advertisements.

    As a beginner you are not looking to purchase a complex with over 100 apartments, start small, and start smart. As you consider options, you may look at purchasing a house or townhouse, or even a partnership.  You could also consider a quick flip purchase.  Start small, consider options, and have a plan.  This should outline guidelines for your investment and remember it is important to treat this investment as a business.

    As a beginner in the Real Estate investment arena, it is important to read books on the subject as well as connecting with other real estate investors.  Learn from what they share with you, ask questions, and most importantly let their mistakes be a learning experience for your ventures.

    As a beginner in the Real Estate investment arena, it is important to read books on the subject as well as connecting with other real estate investors.  Learn from what they share with you, ask questions, and most importantly let their mistakes be a learning experience for your ventures.

    If you are just starting out with your real estate investment, consider all aspects of this investment.  Resolve to do your homework, and remember this is not a “get rich quick” scheme.  As you invest, your hard earned money, you may struggle on several levels; financially, emotionally & personally.  Successful investors make mistakes, and learn lessons and improve their skills.

    Learn to do the math.  You do not need to say, “I can’t do this” but you believe in yourself and take advice from RICH DAD POOR DAD, asking yourself “How can I afford this?”  Lasting wealth is built through creative thinking.  If you want this investment to work, ask yourself what you can do, what will you need to sacrifice to make a dream come true? Some Tax Deductions may available for those who invest to increase the value of the properties they invest in.Financially what are you considering; taxes, legal holdings, property obligations, development/upgrades, and possible wages for people that help to accomplish your investment success.  Always keep on eye on the market trends, and watch the areas that you have purchased your investment real estate in.  Is the market fluid or is it stagnated, and why?