I KNEW I was very serious about buying.
Buying rental investment property in a college town is a good bet for the possibility of continual renters and also buying in transient areas and tourist areas. Of all the above, tourist areas tend to be your surest source of consistent renters. Numerous high density tourist areas exist across the nation, but one of your best bets for purchase and consistent renters would be a sun-drenched spot with a year-round temperate climate.
There are great potential rewards and the effort you put forth can yield enormous monetary returns on your investment. Your confidence level will grow when you’ve gained some experience and closed on your first few real estate deals. But do not stop there…Continue to learn about real estate investing and to develop your investment skills. In a short time you may find yourself managing a profitable and growing portfolio of investment properties.
I KNEW I was very serious about buying. However, most realtors really doubted that I would buy the houses if they brought them to me. Having been in the real estate investment business for a while now, I certainly don’t blame them. What realtors rapidly learn is that 90% of investors will back out when it actually comes time to close. Investors that are successful actually not only have a good plan and great goals, but every day they have plans that will help them to reach their goals in the future. Characteristic #2 - Protecting Your Assets - Another characteristic of a great real estate investor is protecting your assets.
Source: Simarc
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