Anna Lustig

Never leverage yourself out completely when looking to get that next real estate deal underway. You should make the best business decisions that allow you to retain cash in case of emergencies.

You want to be taking up too much of your precious time daily with management duties when it comes to investing in a property. Your time is valuable and you would not want to waste it.Avoid college and vacation rentals, vacation market and depressed neighborhoods. Try investing in properties that have a history of reputable and responsible tenants.

Make sure that you inspect the property inspected before purchase and plan on investing money into those repairs. Repairs need to be made before you attempt to resell the property. Factor in a maintenance into your budget if you plan on renting the property.