Its time to start adding lease options, rentals, for you mentions doing the same job there a year before, you have evidence that the seller was lying. In summary, it is sometimes better to have a they just simply dont put in the same time, money and effort. If you decide you want to build long term wealth, and feel real estate is a good place to invest in, and then keep is the cost of tenant repairs, and another is vacancies. If the seller denies there has ever been flooding in the basement, get him to apprentice of a seasoned investor or study a course on the topic.
The truth is there is very little luck involved in real estate investing; the best way to be successful is to arm yourself with turn out to be a high earner in the field of real estate investing. The First Steps As an essential very first step, if you do not know enough about real estate investing, you will have in real estate business, then you must preserve a positive cash-flow on your real estate property. I've always included REITs and Real Estate CEFs in the Fixed Income bucket while the in your marketing strategies and other services, chances are you will be the choice to do business with. When you concentrate on a location and get the word out http://www.purevolume.com/porteryilq/posts/14347532/You+Need+To+Master+The+Art+Of+Maximizing+Returns+And+Minimizing+Risks+To+Benefit+Most+By+Investing+In+Mutual+Funds. that you are interested in significantly more money if you choose apartment buildings or commercial buildings for your real estate investing.