The Difference Between Becoming a “Donald Trump” or a “Donald Chump” Understanding the Due Diligence (Part I)
Like the Rubix Cube of the 80’s, Miami Vice of the 90’s, and the iPod of the early 2000’s, real estate is the current craze. All of us can probably name a family member or friend that is either flipping property, has become a landlord/investor, or is trying their hand at becoming a real estate agent.
Whatever the case, the booming real estate market has made just about everyone an “expert”. Most of these so-called experts think the real estate road to riches is just about over and, for most of them, they are right. Most real estate investors have been successful due to the thriving market, not because they have a great investment philosophy. Any investor can be successful in a hot market, but a true investor can be successful in any market. The key is adjusting your investment plan by understanding the due diligence process.
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Every landlord should be an investor, and every investor should understand the due diligence process that is associated with investing in rental property.
The due diligence process consist of two main steps:
-1st step is the (SEOTA) which stands for Strategic Evaluation Of Target Area.
-2nd step is the Property Analysis.
Triad Research and development
Googal.com (type in the address and get a demographic over view of particular neighborhoods.)
Downloads for the Real Estate Investor
- Ten Minute Trainer™ for Investors (audio download)
- Click here to download the Basic Principles of Building Wealth Through Investment Property
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