10 Tips For Real Estate Investors
Today’s 10 Tips For Real Estate Investors:
We must know the difference between an asset and a liability if you’re going to invest successfully.
As you increase NOI, you increase the cap rate, which increases the value, which increases the equity, which makes banks smile.
Most investments that will make you rich are only available for a brief period of time. If you are not prepared with education/experience or money in hand, great opportunities like this will pass you by.
Banks are the worst place to start when looking to borrow money.
Never invest a dime if you don’t have a lot of confidence in what you’re investing in. It’s a lot easier to keep the money you have than to get it back after you lost it.
Don’t invest your own money if you can help it. Invest other people’s money.
If you are prepared, have the education and the experience you need, and you know what to look for and a good deal appears, either the money will find you, or you will find the money.
Look for great deals with great people behind them.
In real estate, people say that the key to investing is location. That’s only partly true. In reality, in the world of investing, whether it’s real estate, business, paper assets, etc., the real key to success is people.
Never invest in anything more than you can afford to lose. Never!
Kind Regards,
John Heeney
Glenroe Lending
“We build LEGACY to create TRANQUILITY”
john@glenroelending.ca
519 808 7370
