• Generating Income & Building Wealth• Focus On Properties Offering Steady Rental Income• Apply SMART Formula To Set Right Kind Of Goals• SMART Stands For Specific, Measurable Achievable, Realistic & Time-bound
Market Research
• Search For Real Estate Market Trends• Choose The Right Location To Buy• Consider Price Before Investing• Contact Local Real Estate Agents• Conduct Online Research • Talk To Existing Local Homeowners
Identifying the Right Properties
• Location Is Key Before Investing• Type Of Property Is Of Essence• Calculating Potential Return On Investment (ROI)
Figuring Out the Financing
• Mortgage Obtained From Bank/Financial Institutions Or Companies• Availing Private Equity, Money Invested By A Group Or An Individual
Management Plans
• Mapping Financial Resources to Invest In Property• Outlining Goals & Objectives As An Investor• Implementing Strategies To Achieve Set Goals• Consider Multiple Aspects Of The Investment Process• Acquire, Maintain & Sell Properties For A Profit• Place A Contingency Plan In Case Of Any Unforeseen Situation
Risk Mitigation
• Risk Mitigation Is Key To Real Estate Investment• Diversification Of Portfolio Can Reduce Risk• Due Diligence Is Needed For Right Property Investment• Taking Help From A Team Of Professionals Can Lessen The Burden