According to RESCRO.NET : " Steps to Real Estate Investing Success" Please read the article and see if it has more information to help.
Some of the highlights about investing according to the article include:
"The process by which you can attain real estate investing success can be broken down into several basic yet important steps to your success:
* Choose your niche market. As a real estate investor, you will probably want to settle on a market in which you are most apt to be successful.
* Decide on a Plan. You will need to determine what it is that you hope to achieve through you real estate investment. "
There are several other factors included in the article as well. I have included the direct link to the other points as published by RESCRO.NET
"Aim for success, not perfection. Never give up your right to be wrong, because then you will lose the ability to learn new things and move forward with your life." Dr. David M. Burns
BROKER ASSOCIATE | Realtor
DeRiso & Haynes Realty - Texas
All information is provided "as is" with no guarantees or warranty. M. Chalambaga Â© 2011
9 times out of 10 a Real Estate Agent or the NAR is going to tell you that...."It's a GREAT time to buy!!!" Why? Because they are salespeople who get paid when you purchase. It's their JOB.
These are the questions you need to ask:
What is your exit strategy once you buy the property?
Are you going to buy and hold?
Are you paying 50cents on the dollar to flip it slightly below retail price?
Are you diversifying your portfolio, 401K, IRA, etc?
Are you using traditional financing or using more creative techniques to acquire the properties?
Is this property going to be used by you or a renter/future tenant/buyer?
What areas are you looking to invest?
Are these areas creating jobs or are people moving out of the area?
Are you looking to invest in the United States or are you willing to look at markets in other countries?
Are you looking at investing in residential or commercial properties?
Will you be investing by yourself or bringing in partners to assume some of the risk(if there is any)?
It all depends on your personal investing/business philosphy. I'll leave you with this little bit of information....
Live where you want.....Invest where the numbers make sense! (compliments of the Real Estate Guys Radio Show)
Only you will know the answer to the posted question.
Best wises on your Investing future.
Cindy Vedder, Prudential California Realty