nvesting in real estate if you need money today to
can be scary and replace the income you get from a
challenging. There are all job, then you need to produce
kinds of questions - How do you income today through Quick
know if and when it is the right Turning a property.
time to purchase? What should you
purchase? How should you finance Quick Turning is purchasing a
it? What type of investment is property at a depressed value,
right for your overall goals and adding value to the property and
strategy? As a real estate then selling it at a profit. This
investor in Atlanta, I have found is a great strategy and requires
that although there are a lot of knowledge of the market to make
questions, the answers are fairly sure that you are purchasing it
easy when you use common sense, correctly and then also some
evaluate your strengths, and know skill in determining how to
what you want. maximize the return by
strategically adding the value to
The first question you should ask your investment.
yourself is – why do you want to
invest? For some it is to replace If having money for your future
their income from a job. For retirement is more what you are
others it is for retirement. Some looking for – a Buy & Hold
just like to have a project and strategy might work best for you.
make a little money. With this type of investment, you
are looking for results in the
We have found that when helping future, so you want to find an
other real estate investors, our investment that you can rent out
first goal is to help them figure for more than the mortgage
out the why and then help them payment so that you have some
determine the what. For example, cash flow. Over time, you will
pay down the mortgage and the portfolio. Once you determine
cash flow will increase giving what type of investment you need,
you greater income in the future. then evaluating a property
against your overall strategy
will help you determine which
Both strategies have merit and property is a good purchase for
typically we recommend that every you.
investor have some of both types
to round out their real estate
About the Author:
Anne Lackey is a real estate investor in Atlanta and works with The REI Team at Solid Source Realty, Inc. http://www.theREIteam.com. She frequently helps other investors in their pursuit of financial freedom. She is the President of Solid Source Property Management, Inc. http://SolidSourcePM.com and helps investors manage their investments.
Read more articles by:
Anne Lackey
Article Source: www.iSnare.com 
