7 Lessons I Wish I’d Known When I Started Investing in Real Estate 1.
Learn how to forecast cash flow accurately.
Sound like it’s difficult to find deals that will still cash flow properly after all those expenses?
New investors sometimes wind themselves up looking for the “perfect” deal.
No, today’s housing markets are not as advantageous to buyers as housing markets six years ago.
Bad property management.
Your returns on rental properties will be based on two things: whether you bought a good deal initially and whether you manage the property effectively.
And don’t get me started on all the armchair economists who go on about trying to time the market.
In the beginning, there are only two things new investors should focus on: finding good deals and managing them effectively.
Landlords need to keep a cash reserve.