Real estate is a good way for lay people to gain wealth with not much effort. You don't need to be a handy man to get into the game, but it helps if you can do the repair work if needed. At the very least know what it takes to get things done and repaired so that when you hire people to do the work, you know the ballpark figure and the amount of work involved.
Real estate investment is good to get into because its cycle is long and very predictable. Just follow the trend. Once the housing price goes one way, it takes huge amount of effort for the market to turn it around. We are just bottoming out and starting on a upward trend now.
Read up on the topics and take some classes if needed. Community colleges have night classes that cover lots of topics. You don't need to agent related topics, just the economics and investment parts.
Real estate investment is a leverage game and as such, it's advisable to be well capitalized so that you can weather the up and down of the market. A down market can last 6 to 8 years.
Real estate investment is good to get into because its cycle is long and very predictable. Just follow the trend. Once the housing price goes one way, it takes huge amount of effort for the market to turn it around. We are just bottoming out and starting on a upward trend now.
Read up on the topics and take some classes if needed. Community colleges have night classes that cover lots of topics. You don't need to agent related topics, just the economics and investment parts.
Real estate investment is a leverage game and as such, it's advisable to be well capitalized so that you can weather the up and down of the market. A down market can last 6 to 8 years.