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Winning With Rental Properties

April 12, 2012 | Comments: 0 | Views: 74

Dreamed of making money in the real estate market? Well, this is your moment. This is one of the best times in history to invest in Real Estate and the buy- to -rent market is the absolute best it has been in recent years. Investing to rent is a great place to start because you'll learn a lot about real estate in general while growing in confidence and earning money. Besides most of the work can be done from home. Could you ask for better?

Before you start,make sure you have all documents required from your states Secretary. Don't be caught short if you try to borrow money and you don't have the documents your state and the federal government require. Plan ahead and learn about these things before you start. Just for your own peace of mind later on.

Rental properties can be a dependable monthly passive income but you need some money to get you started.There are many creative ways to get the needed money ranging from borrowing from your own savings,private lenders to traditional loans. It is up to you where you get the money at the lowest interest rate possible. Starting out I borrowed from myself and my family. Where ever you borrow money from, remember this is a legal transaction, a Promissory Note that must be re-paid, so it goes without saying then that you MUST GET IT IN WRITING. This is all part and parcel of the groundwork needed if you want to know your rental property business and win all the way to the bank.

So where do you start? I suggest that you start with a single family home. This way you will be dealing with one tenant or family. Go along with the Home Inspector, take notes about what they look at, and for. Ask questions, stay calm and listen. Buying a property can be a very nerve wrecking situation so remind yourself to stay calm. If you do your homework ahead of time you will know what to expect.

There are two great things you can do in order to get information and confidence. One, ask a real estate broker or sales person if you can tag along with them while they view a property. The second is to go along with a Home inspector on a few inspections. You may be pleasantly surprised by how much you will learn and the confidence that knowledge will give you.

To learn more about Liz Osborn and see what she is doing go to:

Anne Fagan has owned and managed several successful small businesses on and offline. Liz Osborn has owned,managed and sold several profitable rental properties.

Source: EzineArticles
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