Don't try multiple investment styles - pick one tried and true plan

Don't try multiple investment styles - pick one tried and true plan

I recently read about a real estate investor who said early in his career he had gone to several seminars and bought many courses, including ones on tax planning and lawsuit protection planning.

He finally asked himself why he needed to spend time on tax planning and legal details when he didn't own a single property and had no money invested in real estate. He had nothing to tax and nothing to lose in a lawsuit.

Real estate investing is a big world and there are many, many kinds of investments. There is a temptation to try to master them all before choosing any.

If you are starting out in real estate, pick one niche. Learn it. Read about it, talk to people, go to seminars, and get started.

You will add knowledge of other methods over time, but if you try to learn everything about all the options - you will never get started.

If you already own a home and are looking to get started in real estate investing, the buy-and-hold method is much easier than retail flipping or “wholesale” flipping, or dozens of other methods.

Unfortunately, most investors never get started in anything. When some do start, they don’t have a plan. My goal is to get you thinking about a long-term, portfolio building plan.

You need a plan for understanding and implementing the following:

1. How can you get a mortgage on something?

2. How can you get someone else to pay that mortgage?

3. How can you maintain that asset that is linked to the mortgage for the length of the mortgage term?

4. How can that mortgage fight inflation, minimize taxes and give you cash flow, while getting smaller and smaller over time?

The answer to all of these questions is one thing: rental income property!

To get started investing, go here:   www.rentalincomeinvesting.com