Hi Amandolin80, now is a good time to buy real estate, since the interest rates are lower than they have been in over 50 years. A few things I've learned, it to surround your self with a good team, Realtor, banker, tax adviser, handy man!! those you can trust and who will cause you to look at both good and bad aspects of your purposed investments. Location of the property is key, finding property with a positive cash flow, be sure to save 10% every month for future property expenses; yes you will need to repair things, repaint,recarpet, etc. Ask a lot of questions. ask more questions. create a list of what is most important to you and your goal for owning real estate. Do you want to manage the property or hire a property manager. practice your negotiating skills. People always need to have a place to live, when looking at properties, choose those with good space planning; the more options; ie, if times get tough and your tenant does not want to move out, is there space to add someone to help them keep paying the rent. be open to all possibilities. look for local investing clubs in your area and get in the local conversation. Best wishes.. SpecialKOC.
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