Investing in real estate has been one of the building blocks for building wealth for years. It has the potential to make the average man very rich, if he knows what he is doing. Solid real estate comps give you the tools you need to make your profit on each deal.
Any business that promises great profits also includes the possibility of great loss. Most losses are the result of mistakes that could have been avoided. Let’s bypass those mistakes and take a look at some steps that can help you be successful.
Education is the answer: DO NOT dive into real estate investments because the market is glutted with properties that are actually affordable and interest rates are low – or because you suddenly have a sizable chunk of income that you want to invest.
All of the reasons listed are good reasons for becoming a real estate investor, but do so with your eyes wide open. Learn the system and learn how it can work for you – real estate comps are just the beginning.