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Updated about 3 years ago on . Most recent reply

User Stats

20
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I am new to investing, just looking for an expert recommendation.

Tracy Williamson
Posted

I recently invested 30K in an investment property. I didn't invest a lot because I really wanted to learn as much I could and gain some knowledge in the midst of it. What are some questions I should ask my Real Estate Manager/Construction Manager in regards to the investment property?

Most Popular Reply

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156
Posts
73
Votes
Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
73
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156
Posts
Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
Replied

@Tracy Williamson

Still missing the point Tracy.  You invested/paid sombody 30k.  What did they promise you in return for doing this?  That is called the terms of your investment. Normally the terms might be x% return in y Months or the return of investment after the sale and Z% of the gains from the sale.  Your statement I invested 30k in RE."  doesn't give anyone a clue of what you are doing and therefore what you should ask whoever you gave your money to.

Cheers

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