Real Estate Investing For Dummies covers tried and proven real estate investing strategies that real people, just like you, use to build wealth. Investing in real estate investing in apartment buildings book’t rocket science but does require doing your homework. 2015 Eric Tyson and Robert S.
Real estate is a proven wealth-building vehicle. Investing in rental properties can generate current income and significant tax benefits as well as build equity from appreciation over the years and decades. Although many people can succeed investing in real estate, rental property investing isn’t for everyone. Consider your investment preferences and personal temperament before buying property. Do you have the time to devote to real estate investing? Are you comfortable troubleshooting problems or hiring a property manager? Make sure you’re financially fit before investing in rental properties.
Pay particular attention to your monthly budget and make sure that you have adequate insurance coverage. Most successful real estate investors build their real estate investment portfolio through saving money and then gradually buying properties over the years. Don’t underestimate the importance of establishing good credit. Real estate is the only investment that we know of that you can live in or rent to produce income. You can also derive large tax-free profits when you sell your principal residence at a higher price than you paid for it.