superlacop asked:
I plan on investing in real estate in the next few years. Right now I want to school myself on how it’s done. Any a good references?
Cyberguides.biz
I plan on investing in real estate in the next few years. Right now I want to school myself on how it’s done. Any a good references?
Cyberguides.biz
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Do your homework. Value of real estate is dropping faster than it’s ever had since the great depression. Until you are confident that real estate has hit rock bottom, I would not invest in it. I have invested in real estate, and the value of my portfolio is really plummetting. Even though real estate is a steal right now, and I am in the business, I would not buy at this time. Tread slowly, and look both ways
Title: Millionaire Real Estate Investor
Author: Gary Keller
Real Estate Investing for Dummies
Always good, basic knowledge.
First you might consider what form of real estate investing your interested in? Office, residential, retail, ground leases, I personally like residential. It’s a market people have some intuitive understanding of. Books like Creating Wealth, Nothing down in the 2000’s, and Buy Rent and Sell, More wealth from Residential Property is good if you’re an Aussy.
Out of these books decide on a simple strategy that sits well with you. Be it a buy and hold strategy, or on the other extreme getting your hands dirty by renovation and flipping.
You’ll need to develop a burning desire to manage the hurtles life will throw you. Books like Think and Grow Rich, or even Rich Dad Poor Dad are filled with pearls of wisdom that cover this.
Of course Maplewoodjoe is right. Knowing the environment you’re in currently in can only help your position.