The following article is a summary from the book, “Realtor for Life,” written by Duane Duggan.
When you’re thinking about investing in real estate, have a goal and a plan. It can be as simple as “buy one house per year.” Make that plan, then get out there and work that plan!
1. Buy houses or condos for appreciation
Buying a small house or a condo is a great way to get your real estate portfolio started. The problem most people have is taking that first step to get going.
2. Buy multi-units for cash flow
After you get started with the first investment, the second one gets easier. As you start to compare cash flow numbers on single family houses to multi-units, you will find multi-units…