Tuesday, July 12, 2011

Are investment property really worth the trouble?

Then you need to read Rich Dad Poor Dad Books. Rule 1. Never buy a property thinking you will make money in the future. You should also build into the cost maintenance and setting something aside for future repairs. Rule 2. You have to kiss a lot of frogs to find a prince. You will have to look at many properties and make many offers before you find the right one. Make your offer based on your numbers and make sure you factor in all issues. Professionals selling their property know this is true, so do not get suckered into buying; there are a lot of people who purchased at the wrong time looking to unload their investment properties.

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