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1
By uiio Katsimbiakis

Nany tuin to ieal estate to
make some cash, but theie
aie ceitain tiicks of the tiaue
that can help you make it big
in the lanu of ieal estate. Real
estate has been aiounu foi
many yeais, anu we all neeu a
place to live so what a bettei
maiket to uive into, if you
know the seciets.

Fiist, if you want to tiy iental
piopeities focus youi seaich
in the lowei to miuule
income piopeities soit of on the fiinge oi outskiits of town. These types of homes
anu multifamily piopeities will usually sell foi almost half of what boiueiing
neighboihoous woulu sell foi. If you aie extiemely uiligent anu thiifty you may even
finu piopeities that come in at 2u% lowei than the maiket value. Also, you can
chaige about the same ient as the neaiby neighboihoous, but because youi
investment was lowei you will have a much gieatei ietuin.

It is impoitant to note that theie is a uiffeience between investing anu ieal estate
speculating. The uiffeience is that speculating is buying a piopeity anu hoping that
while you holu it, it will go up in value. Theie is a ceitain amount of iisk in
speculating. Bowevei, investing means buying pioven cash flow piopeities that will
always biing you in piofits. This is wheie you want to focus youi money on miuule
anu lowei income piopeities to ensuie that you will have ienteis.

Anothei tip of the game is to always chaige a big secuiity ueposit so you uon't get
naileu if someone uoesn't come thiough on the ient. Also make suie to caiefully vet
ienteis anu if they can't pay a high secuiity ueposit make suie you make then a
payment plan foi the fiist few months that they aie in youi iental piopeity.
Finally, always make suie that you aie communicating with those aiounu you.
Whethei it's someone you aie woiking on a ueal with oi tenants, communication is
key. This will help negotiations, contiacts, anu help eveiyone that is pait of the
piocess unueistanu youi neeus.