
What Is the Very First Thing You Should Do Before Investing In Real Estate?
In this article I would like to share with you the very first decision you need to make in order to have a successful real estate investment. This may come as a surprise to some of you.
Whether you are investing in your first property or your next one, this decision will be critical to your success.
Most investors start out with good intentions, realizing that they want to get all of the benefits of investment real estate – especially in apartment properties and commercial real estate. These investors know that they can achieve 4 different types of income from their properties, including:
1) Cash Flow
2) Principal Reduction
3) Property Appreciation
4) Tax Benefits
They are ready to get started, but they fail to make this first distinction, which is this:
You must first decide whether you want to be an ACTIVE INVESTOR or a PASSIVE INVESTOR in apartments …