Explore why it’s wise to invest in a given neighborhood. Assess risk and rewards. Become aware of your expectations. Determine the best strategy for you.
Where and how to find properties, and what you need to know about an Agreement of Sale.
Consider all possible strengths, weaknesses, and liabilities. Find out the zoning classification. Develop a list of “comps.” Determine financial feasibility.
Identify funding sources. Secure a loan. Use a long-term real estate investment strategy for “buy and holds.”
Create a scope of work. Understand the 3 levels of renovations. Determine what approvals you need.
Actively manage the construction process. Work with contractors. Troubleshooting: when everything goes wrong.
Market to lease your property. Market to sell. Lease to tenants. Retain tenants: Keep them happy and the cash flowing.