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Updated about 10 years ago,
Lessons Learned in 40 years as a Real Estate Investor
This week I have been working with my Dad as an active Real Estate Investor for 40 years. Here are five tips to succeed as a Real Estate Investor for 40 years:
1. Set written goals of what you want to achieve and review those goals at least once each week.
2. Try to have more than 50% ownership in any real estate investment so you have control in the investment.
3. Be wary of providing personal loan guarantees where you do not have 50% ownership
in a real estate investment.
4. Easier to manage and grow with single family homes in my opinion. Our business owns and manages both houses and apartments but I like the houses a lot better.
5. Remember my major motto after 40 years of investing: "Happiness is a positive cash flow!!" Cash flow is very important as an investor in real estate