The first question you need to ask yourself is: "What am I trying to accomplish?"
You may know other investors who have had some success
, or you may have some savings or other investments that are not doing as well as you would like and want to better leverage
your assets. Real estate is a fantastic vehicle for doing that.
We cover "Why Invest In Real Estate"
in another section, but your choices basically boil down to:
- Monthly Income
- Long Term Equity Gain
You also need to know if you prefer hard-dollar
returns or are looking for a certain return on investment (ROI)
. For example, by putting a larger down payment
on an income property, you may achieve a larger dollar
return, but your percentage
may be less. It's an interesting process.