Real estate investing is traditionally the best way to leverage your assets, time and involvement. Many smart investors start out with an investment single family residence, condo or duplex, then, after experiencing success with that type, continue to build on their success buying similar types of units. This creates a "money machine" effect, where you build on your strengths and experience by repeating past successes.

Buy a single family residence or condo, or even a duplex. This should be a straightforward transaction for both the novice or experienced investor, very similar to buying your primary residence. The lending rules are virtually the same as for a primary residence, and the process is easy to understand.

Steps

1. Build Your Team
2. Build Your Equity
3. Expand Your Empire

SMART investors like to gain traction with smaller units, then work with larger properties, such as triplexes and fourplexes, utilizing the same techniques but leveraging their base investment even more with larger properties.

Bottom Line

1. You're In It For The Long Term
2. Know Your Exit Strategies
3. Learn
4. Adjust
5. Repeat!