in your neighborhood Real Estate Investment (REI) club. You will meet many experts as well as newcomers which will help building relationships. Every business centers on relationships - especially in real estate. Financing: In real estate investment market, lenders generally lend up to 65 percent of the value of the property for investment purposes as they consider it a high risk one. If you hold equity in some concern, you can borrow from those sources to maximize your mortgage and financing. Location: Unattractive locations always pose high risks. Investments close to major shopping, transportation and schools and amenities will attract prospective tenants. High Maintenance: High maintenance may cause a big hole in your pocket over the years. You should go for property that allows you the most flexibility and least amount of effort and maintenance during the tenancy.Troublesome Tenants: You should not overlook the quality of tenant. A tenant who has the ability to pay the rent and a good history of paying the rent is always preferred. Tenant inquiry is recommended before lending the property.Agent: It’s important to locate a trustworthy agent. . You may do without him but your purchase will run much more smoothly if you use an experienced agent. Imitation: It does not make sense to buy property only because a friend of yours made a lot of money from it and you want to do the same.Lack of Homework: Decide how much you can afford to pay a real estate investment? If unsure on the price range, find a reputable lender and get pre-approved for a mortgage. Getting pre-approved helps you to alleviate some of the anxieties that come with home buying.


Here are some more estate planning articles...