By Johnnie Morine
A
n investment in real estate is a great way to make money in 2021.
You have to understand that some deals will work in your favor, and some won’t, it’s just the way the market works, but I am here to help you avoid investing in bad deals. KNOW YOUR STRUCTURES Let’s talk about structures for a moment. Structures are boring, no one ever wants to talk about proper structures, and yes, you don’t want to invest your time figuring out what structures would work best for your investment.
There are numerous ways that you could structure It is not the kind of investment that you expect money right away, but over time, it will be worth it. your deal. The only limitation would be your creativity. There’s an old adage I love which says, ‘when life gives you lemons, make lemonade.’ It is the backbone of the American Dream, and the cornerstone of wealth building in America, but certainly, not every structure will work for you, without proper structures in place, this investment and there are so many ways to structure your investment deals, but it is important to structure it in could drag you down. I have seen people buying a way that would work for you. and holding real estate only for them to be disappointed in the end. It doesn’t mean that their While all other aspects of the deal-making process investment was wrong, it means that they never are equally important, I think paying more attention took their time to first understand the market, to structures will determine the overall success of understand the metrics before investing. your real estate business. WWW.THEPOWERISNOW.COM
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How to avoid bad deals on income properties
