Top 5 Mistakes For New Investors
Real Estate Investing Should be Simple. Don't Over Complicate the Process
After almost 20 years of investing in real estate, I can tell with 100% certainty that real estate investing is quite simple. It's easy to get bogged down in complicated formulas and get rich quick secrets that leave you paralyzed by over analysis. Here's what actually works:
Look for homes in quality middle class B neighborhoods. These will always attract quality tenants. Ensure your home is of sufficient quality to attract the long-term tenants you want. Hold the house forever allowing the power of compounding to pay the mortgage down over time with rental income while simultaneously enjoying price appreciation in the value of your home. Nothing is more powerful.