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Follow on Google News | Five Important Tips for Investing in Real EstateBy: Kim Bagnell Thaler The second goal is to actually turn a profit. And, this will highly depend on the holding position. Whether it's long term or short term is vital. But also, knowing some basic tips for real estate investing will go a long way: ● Location, location, location. If you've heard this before, it's not just a cliche. (Although it's become one it's still true.) When you purchase a property, you are NOT just buying a house or building. You are buying a piece of the neighborhood. So, if the neighborhood is on a decline or isn't in a good area, it's best to keep looking elsewhere. ● Seek out deals for steals. In real estate, your profit is made at the buy. Meaning, what you pay for it will typically determine how much you can expect to earn. You should not only hunt high and low for deals. You should also seek out steals. Simply put, the lower the entry cost, the better. ● Meet with local investors. There's much to be gained from connecting with others in the area. Those investing in a local real estate are a tremendous resource. And, you can not only learn but also form limited partnerships to go in on deals together. ● Become more educated. If there's anything you need to do before and during the real estate investing process, it's to learn. Read as much as possible. Get acquainted with different points of view and various strategies. You'll find which work best and which are best to avoid altogether. ● Work with a professional. There is simply no good reason to try and navigate the process on your own. After all, you don't know what you don't' know. And, it's precisely what you don't know that will bite you when you least expect it. Pair up with a real estate pro in your area to protect your interests. Kim Bagnell Thaler is a pioneer among Florida Keys realtors. Regarded as one of the most influential realtors in the middle and upper keys, she provides expert and professional real estate service. With her vast knowledge, 20 years experience and commitment to the highest ethical standards, Kim remains a standout among other Florida Keys Real Estate Agents.For help finding Florida Keys Real Estate please see http://www.kimbagnell.com End
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