Five key questions to guide you
Getting Your Ducks in a Row : Your essential first step to define your investment strategy
To start successfully , you need a clear plan of action : Identify Your Investment Style .
Identify what type of investor you are and the deals you want to pursue . Without a clear focus , you risk jumping from opportunity to opportunity without knowing when to commit .
Five key questions to guide you
1 . Am I an active or passive investor ? 2 . Active investors tackle renovation or development projects for short-term gains .
3 . Passive investors prefer to buy income-generating properties and hold them for long-term growth .
4 . Am I interested in residential or commercial properties ? 5 . Now is the time to understand the differences between these property types so you can invest confidently .
6 . Do I have the funds to invest alone , or will I need partners ?
Build connections with real estate agents , attorneys , developers , architects , and planners . They can provide valuable information and help you find distressed properties at bargain prices .
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