Advice for the First Time Real Estate Investor
Author: Kimberly Shallenberger-Cameron
There was an ABC News story that came across my desk today on Real Estate Flipping. It was one of those, "this is where everyone is getting rich" stories that tends to send a whole bunch of "get-rich-quick-types" rushing out to buy investment property without so much as a clue as to how much work- or risk- is involved. ABC might as well have said, "Dot com stocks are back; buy Pets.com again."
Having worked with a variety of investment properties over the past several years, let me first say YES it is possible to make a nice living working with investment properties. However, I've also met a lot of individuals who have failed miserably at it. In fact I've seen so many failures; I...
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