It turns out that there are best practice guidelines that successful real estate investors follow, and you can follow them, too. People who meet their investment goals adhere to principles that guide them through the highly competitive real estate market. It is important to develop a strong knowledge of financial concepts and the markets that are likely to affect your investment. Start off by specializing in a particular type of...
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Ask seasoned real estate investors about the keys to success, and chances are you will hear about planning, thoughtfulness, and real estate investment goals. It may be tempting to follow your impulse and grab the first attractive deal that comes along, but it makes more sense to determine if that property fits your long-term plan. Successful investors are honest about how much risk they are willing to take, develop a...
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If you want to be a successful commercial real estate investing, in-depth knowledge of the time value of money (TVM) is crucial. To understand the concept, let’s consider which is better, $10,000 now or $15,000 ten years from now. If someone offered to give you $10,000 today or $15,000 in ten years, what would you do? You would take the money now, of course! When you make that decision, your...
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