I am extremely interested in pursuing a career in real estate.

Lakewood is great and one of the best but demand is extremely high.

Therefore, it makes financial sense to factor in all costs when deciding whether to sell or hold a rental property.Strategies to Sell Investment PropertiesWhen you decide to sell an investment asset, it’s vital to consider the tax implications to avoid taking a large tax hit.

Never done it either, we've been approached to lend by some investors looking to do it.The risk of insurances rates skyrocketing or simply being cut off makes it extremely difficult.You also have to consider rental demand.

The price to enter is extremely low compared to other markets in the U.S. and the cash-flow is high.

Reports cost $15-$20k but they are done by CFA’s, attorneys and others and are extremely detailed (we had one done).

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Real estate is extremely expensive in the area.

Be also mentally and emotionally prepared for the folks that think just because this is not your primary home, it's somehow less of a catastrophic event for you because others did lose their primary homes.That's why it's vital for you to form support networks with people who are in your same boat - ideally in the same community.This truly pains me to share - but most of the disasters I'm seeing across Western NC are going to be considered flood events and if you do not have a separate flood policy you will likely get no coverage.

Another solid read is "The Millionaire Real Estate Investor" by Gary Keller, which focuses more specifically on real estate strategies.For podcasts, BiggerPockets is extremely popular and a fantastic resource, especially for beginners.