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Invest and Grow Rich: : The Five Rules of Residential Real Estate Investing (Investing, Strategies, Financing, Flipping)

by Tim Diesel

ASIN: B0196O16XA

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Use These Strategies To Help You Get Off To A Great Start

This is a basic understanding of buying and selling real estate. You will learn how to evaluate properties quickly and plan exit strategies that will help you in any transaction. If you don’t know much about real estate or investing, then this is a good place to start.

Manage

“Eighty percent of success is showing up” – Woody Allen

There is a reason managers of hedge funds, and mutual funds and other investments of this nature take a fee. The toughest part is not finding the deal or even getting the money, it’s the actual managing of the property. In any business you will notice when new management in place things change a bit. Take a restaurant for example, when there is new management it gets different feel, maybe the food doesn’t taste the same or the portions are not the same size. The same goes for real estate if you don’t manage properly and keep your eye on the ball, things will change and people will notice. The tenants you get may ruin the property, or the lack of repairs deteriorates the condition of the property, etc. So keep your property in good condition, you don’t need to redesign the place every time a tenant moves out but just keep it clean and functional.