Hey Everyone,
I've been investing for years but in stocks and now I'm also trying to add real estate to that. I've watched and read several things to try and get a very general picture of what I should be looking for. I've found a few places in Ohio I'm interested in buying but I lack the knowledge I feel to pull the trigger. I see some of these offers and can't for the life of me figure out why someone would want to sell the property. Most of the properties I look at are generating nice revenue, so why pass on a good revenue engine? My other glaring problem is I still don't know if what I'm looking at is a good deal or not, I crunch numbers all day and still don't know. Any suggestions or words of wisdom for someone like myself? I know I want to build a portfolio of buildings that generate stable revenue over a long period of time. I mainly want to use this money to expand my property portfolio or my stock portfolio.
What tools do you use to validate purchasing a property?
How do you know this is a good long-term investment?
Do you show others your future purchases to double check your assumptions?
