real estate investment
TRANSCRIPT
REAL ESTATE INVESTMENTS
PAYS A FAIR CASH-ON-CASH RETURN
REAL ESTATE INVESTMENTS, YOU LIKELY
WANT TO EARN WEALTH ON REAL ESTATE
BASED ON RISK YOU ARE TAKING, WHILE
MINIMIZING THE AMOUNT OF TIME YOU NEED
TO SPEND ATTENDING TO THE PROPERTY. IN
ORDER TO ACCOMPLISH THIS, YOU NEED TO
MAKE SOME SMART CHOICES UPFRONT WHEN
BUYING INVESTMENT PROPERTY.TO MAKE
SOME SMART CHOICES UPFRONT WHEN
BUYING INVESTMENT PROPERTY.
DOESN’T REQUIRE A LOT OF TIME OR MANAGING
SOME PROPERTIES JUST REQUIRE WAY TOO MUCH TIME AND MANAGEMENT TO MAKE THEM SMART INVESTMENTS. EXAMPLES INCLUDE VACATION RENTALS, LOW QUALITY PROPERTIES IN BAD AREAS, COLLEGE RENTALS, ETC. NICE BORING PROPERTIES RENTED FOR AS LONG AS POSSIBLE TO DECENT CREDIT PROFILE TENANTS SEEM TO TAKE THE LEAST TIME TO MANAGE. IN ADDITION, TREATING YOUR TENANTS FAIRLY AND WITH RESPECT GOES A LONG WAY TOWARDS KEEPING GOOD RELATIONS WITH THEM; AND REDUCING YOUR HASSLES WHEN THERE IS AN ISSUE YOU NEED TO ADDRESS. AND BELIEVE ME — THERE WILL BE ISSUES! IT’S THE NICE, BORING, WHOLLY OWNED, IN GOOD SHAPE, CASH FLOW-POSITIVE PROPERTIES THAT ARE THE BEST INVESTMENTS. THEY ARE OUT THERE FOR YOUR PICKING, BUT IT’S NOT AS SIMPLE AS FINDING A PROPERTY ON THE MLS AND BUYING IT.YOU NEED TO DO SOME HARD WORK, RESEARCH, READ UP, AND MAKE SMART, EDUCATED DECISIONS TO ACQUIRE THE BEST REAL ESTATE
Isn’t Too Risky an Investment
ALL REAL ESTATE IS EXTREMELY HIGH RISK. DEVELOPMENT OF REAL ESTATE, LAND, TENANT-IN-COMMON (TIC) INVESTMENTS, PRIVATE REAL ESTATE FUNDS, FIXER UPPERS, ETC., ALL HAVE MUCH HIGHER RISK PROFILES THAN JUST SIMPLY BUYING A NICE ESTABLISHED CASH FLOW INVESTMENT PROPERTY. IN MANY OF THOSE INVESTMENTS, YOU WILL NEVER SEE A DIME OF YOUR MONEY AGAIN BECAUSE THERE ARE JUST SO MANY THINGS THAT CAN GO WRONG! SO IF YOU WANT TO OWN REAL ESTATE, CONSIDER SIMPLY TAKING FEE SIMPLE TITLEIN YOUR OWN NAME – OR AN ENTITY YOU WHOLLY OWN – TO THE PROPERTIES YOU PURCHASE. IN ADDITION, YOU MUST DO THE PROPER DUE DILIGENCE, ANALYZE, TEST, REVIEW REPORTS, ETC., TO MAKE A LOWER RISK REAL ESTATE DECISION.
