The Power is Now

10 metrics successful real estate investors should know inside and out – Manistee News Advocate

10 metrics successful real estate investors should know inside and out

When it comes to investing, the spotlight has been on real estate for the past several years—and for good reason. Real estate investing can be extremely lucrative for the right type of investor. For real estate investors putting in a long-term commitment, being ready to buy and hold is critical since they may have to wait five to 10 years for big returns on their initial investments. Those specializing in shorter-term investment options need to be deadline-focused to complete housing projects in a tighter amount of time—often in a few months. 

Both can be successful options, but If you aren’t careful before taking the leap, real estate investing can also be a slippery, and expensive, slope. That is due, in part, to the fact that there is a wide range of real estate investment opportunities to choose from, and each one requires a unique understanding of how the investments work.

Many new real estate investors enter the field with the idea that they will become a landlord by buying and then leasing out properties for more than the monthly mortgage on the property. This type of passive income investment allows homeowners to earn revenue from the money they’ve already put into the house. Some of the factors to weigh before becoming a landlord include calculating operating expenses of the rental property, repair or renovation costs, taxes, and regular upkeep.

Another real estate investment option is the fix-and-flip route, which has been a lucrative avenue for active income investors. Being able to successfully buy, rehab, and then resell a house requires the right foundational knowledge—not to mention the right tools and network of contractors and…

Help/FAQ

featured

own shows