Unfortunately experience means you've made some costly mistakes :-) So, to avoid those costly mistakes, when I take on a new approach in investing, I buddy up with someone that already has experience doing them.

Your long-term income depends on whether the investment city attracts new companies that create replacement jobs with similar wages and skill requirements.

Here are five crucial tips to help you stay profitable and avoid costly mistakes:Buy Smart, Not Just Cheap – In today’s market, finding deep discounts is tough, but focusing on properties with value-add potential is key.

He offered to sell it to me with owner financing for $400,000 and only required 10% down, so I jumped on it.

What are the pitfalls we should avoid?

Avoid basing it on uncontrollable factors like taxes or insurance.

But you have to purchase new investment property of at least as much as your net sale to avoid tax. 

Equity skimming requires an INTENT to defraud.  

This is called gifting, and there is no way to avoid the tax repercussions.

Hi everyone,I’m a Real Estate Advisor for a company that provides turn-key investment properties for investors who want to own assets but prefer to avoid the day-to-day management.