The best way to understand real estate investing is to talk to people in the business and by doing it. While it is true that I will give you thorough "textbook" knowledge on the topic, knowing and doing are two different things.
You can't really learn anything without gaining both "book smarts" and "street smarts." So after you're done reading this article and studying my website, get away from your computer. Find a real estate agent and start looking at listings. Continue reading important articles and web content. Get pre-approved for a mortgage.
Then, and only then, will you begin to get your full blown instruction in real estate investing.
FIRST THINGS FIRST: RENTAL PROPERTY BASICS
But hey, gotta start somewhere, right? If you're brand-spanking new to all of this, you'll want to start off here to learn the real estate investing basics. I'll call it "rental property preschool." And by the way, when I say "rental property," I am referring to 2-8 unit multifamily properties that you'll keep for at least 10 years.
First, why invest in rental properties in the first place? Because there are a TON of benefits of real estate investing, that's why! There are very few investment opportunities out there that join the great benefits of leverage, free equity, tax deductibility, and price appreciation.
Sound good? wonderful! Next question Ė how can YOU find rental properties? Well the customary way is to find a real estate agent. That's the method I endorse. But if you're a more adventurous type, there are other ways to find multifamily rental properties, including real estate foreclosures and real estate auctions.
Round out your introductory schooling in real estate investing by familiarizing yourself with some real estate vocabulary, and of course read the info on every page of my site. It's as good a place to start as any, and best of all...it's FREE!
ONWARD & UPWARD!
Ok, that's pretty much it for laying the introductory foundation. Now that your mind is in a state of readiness to continue to learn real estate investing, keep exploring my articles and site. I'm going to give you as much investment property know how as I can, including:
Why a LONG-TERM strategy focused on 2-8 unit rental properties is the way to go in today's world.
How to analyze, finance, and execute an investment property purchase.
How to manage your rental property.
How to minimize your risk and optimize your insurance coverage.
But for now, preschool's all done.
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To learn more about Al-Yassa's investing strategies visit MogulsinRealEstate.com
or visit his blog.blog
Al-Yassa Al-Mahiís real estate education started in 1988 when his mother bought her first rental property. After buying his first property from his mother in 1997, he quickly acquired more property in the Washington DC Metro area, as well as Baltimore and Philadelphia.
Al-Yassa currently instructs private clients on how to acquire and manage Business Credit to fund their real estate deals, developing land projects in Pennsylvania with partners, and has become one of the first persons in the country to be awarded the designation of CLO (Certified Lodging Owner) by the American Hotel & Lodging Association.
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