Real estate investing as a means to secure a retirement worth having is all about risk management. And risk management can best be accomplished through education and due diligence.
Nobody goes into a business transaction hoping to lose money. (Well, maybe if they can take advantage of passive loss but that’s a whole other post.) The key is knowing what the current position of the property is, what the income and expenses really are and utilizing past performance mixed with current variables to forecast the next 5-8 years.
Does that sound complicated? It doesn’t have to be. Real estate investing is not rocket science. But it’s not child’s play, either.
Spend time educating yourself before you jump in. When you went to college, did you research your school or just go because they had a good basketball team? (You may not want me to answer that.) Read. Choose a good professor and then start your journey.
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BBQ Capital | Kansas City Real Estate Investing 