What resources should I be researching so I know what I’m doing before I jump into it? Books, websites, ect..
Any additional information would be appreciated
Iowa, Illinois border, and as far as how much capital, that’s up in the air. Depending on how much it’ll cost to get started will probably be how long I get to study and research before I begin : )
Ben
Comments
where? how much money are you looking to invest?
Go for it.Lots of people do very well at it.Good luck!!Try the library.
one thing I can tell you …
NEVER invest 1 penney in NEW YORK, you will give up your rights as a property owner and you WILL be abused by local governments who see investors as SUCKERS and meal tickets.
It will be a good idea to contact a knowledgeable Realtor who is working together with a Financial Planner. There are several aspects of Real Estate and taxes that can effectively leverage your investment, maximize the return on your investment by using the appropriate capital structure and investment vehicle. Taxation and inheritance will play a significant role in this.
I can certainly redirect you to multiple web-sites, and books in the library. It will be a good idea to get an understanding of what is being planned. Just imagine all that study, knowledge of taxation, real-estate and capital structure and to package it for your specific situation. Should you risk it as an amateur?
Disclosure: I am a licensed Realtor with Century 21 in California.
I highly suggest taking a real estate class at your local college.You may not learn alot about investing but you will learn all the ins,outs,and terminology from the Realtors perspective.Then the best thing you can do after that is shop,shop,shop till you find what is right for you.
good luck = )
