Invest in education FIRST. Knowing the lingo, the market, the team, and everything in between will help you decide which investment route you want to dive into. We offer a ton of different education here at Slaughter Investing. Check out our education by clicking the links below.
There is no such thing as a global market. It is so important when scoping a market to look at the hyper research and hyper local data. You cannot look at what the news stations are saying about the 'nationwide' real estate market and apply that to anywhere in The United States.
To increase your lend-ability, ensure that you are recording all of your financial assets you have available to you to be used as collateral. This will allow lenders to see that you are ready to take that step in your real estate investment journey to purchase your properties.
When purchasing your rental properties, it is important to conduct proper due diligence especially during your option period. From a bigger picture, when you are investing in real estate you should always be doing your due diligence on everything from evaluating what areas you want to invest in, to what type of properties you want to invest in, and to what teams do you want to invest with.
Leveraging allows you to grow your portfolio as quickly as possible with our model. Think of each property as a team member – the more properties you have, the more people to split the work, and the more work or growth you can accomplish.
You NEED a dedicated property management team behind you helping through this entire process. They help take care of the marketing, screening, rent collecting, maintenance, financials, and so much more. Don't take the stress of something that you can delegate to a team of professionals.
What is a 1031 Exchange? It allows you to postpone paying taxes on the gain if you reinvest the proceeds in a similar property. The ongoing monitoring of your returns and scenarios is paramount to your success in the real estate investment industry.