6 Tips For Successful Real Estate Investing

Dont you wish you could learn the real estate investing tips of successful investors?

Mangalore, India (prHWY.com) July 28, 2012 - Don't you wish you could learn the real estate investing tips of successful investors?
By simply knowing what the real estate investing tips are, you'd avoid a lot of mistakes.
That fact is that with investment real estate you're going to stumble every now and then.
Here are six real estate investing tips, common mistakes made when investing in real estate, and what you can do to avoid them:

1. Compare Property Values and Rents
Financial statistics only go so far; the best measure of a property's market value is often the sale prices of nearby properties. The same holds true for area rents. A low price can often be justified by a reasonable rent; renters who can afford a high rent can afford to buy instead, so reasonably priced rent is a need.

2. Be careful - Tax laws may change
Don't base your tax investment on current tax laws. The tax code is constantly changing, and a good investment is a good investment regardless of the tax code. The right property with the right financing is what you should look for as an investor.

3. Know the Costs going in!
Know the financial statements inside out. What are operating expenses? What are loan payments? Vacancy costs? Taxes? What does the cash flow statement look like? These are key issues that must be addressed before making a solid investment.

4. Confirm Utility Costs
Ask the local utilities to verify recent utility expenses, especially
if any of these costs are included in your tenant's rent.

5. Consult Your Accountant
Taxation is a key element of successful real estate investing, so be sure to find an accountant who is well-versed with the constantly evolving tax code.

6. Inspect!
Make sure that you always perform a thorough inspection of the property before buying it. Never, ever buy any property without at least examining the site. In some cases, hiring professional inspectors to examine the structural mechanical system may be a sound investment.

###

Tag Words: houses in mangalore, flats in mangalore, properties in mangalore

Categories: Real Estate

Press Release Contact
Author name - Amith , Email id - amithm68@gmail.com , website - www.propertystr.com , for more visit at : http://propertystr.com/blog

Link To This Press Release:

URL HTML Code