Commercial Real Estate Pro Network
About This Show
Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
Most Recent Episode
CREPN 84 - The Value of Buy and Hold with Philip Joseph
7 days ago
Real estate investing strategies vary from investor to investor. Some prefer the fast cash of Flipping, while others prefer the long view of Buy and Hold. Active investors make it a full time occupation, while passive investors may remain employed beyond real estate. There is no one way to invest in real estate. The important thing is to do your homework, and get started. Why do real estate? Many people feel they need to get into real estate because it is in the news, low interest rates, big rent increases, and everyone is doing it. Because everyone is doing it is not a reason to get in. How to get started? No matter who you are, or when you start, the first deal is always the most difficult. It’s new to you, and there is a lot to learn. Regardless of how much you think you know, you will quickly learn lessons you did not think about before investing in real estate. Know the numbers! If you think you are making money because the rent you are collecting is more than what you need to cover the mortgage, you may be upside down. Don’t forget to account for things like, taxes, repairs and vacancies. For your FREE Deal Workbook, CLICK HERE: What strategy is right for you? Flip for cash? If you decide to flip, you can make some amazing returns fast. To be successful at flipping, you have to understand the marketplace! Know the most you can pay for the property and the most you can invest in the upgrades. If you mess this up, you can lose. As a precaution, it is best to also know what your plan B is. If the market changes, how much can you rent the property for? Many investors start out as flippers, but end up as landlords because the market changed. Buy and hold? The mar