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Formulating a Millionaire Real Estate Investment Strategy | by Abby R | Aug, 2022 – DataDrivenInvestor

A step-by-step guide to create a real estate investment strategy that makes you money!

Photo by Jason Dent on Unsplash<…….

A step-by-step guide to create a real estate investment strategy that makes you money!

Photo by Jason Dent on Unsplash

Below are the 5 steps to creating a winning real estate investment strategy.

1. Decide your time investment before monetary investment

2. Decide the type of investment property

3. Decide where to finance, loan duration, and amount of funds that you will borrow

4. Determine HOW you will value property

5. Year-by-year planning

Many people say that real estate investing is a game of luck. The lucky become millionaires, while the unlucky drown in debt and never-ending mortgage payments. For some, the possibility of “unlucky odds” is “too scary” to ever take the jump and start investing in real estate. This, to me, is one of the biggest mistakes anyone could make.

I’m not denying that some aspects of real estate investing are luck, but the vast majority of it is sound investment strategy, analysis, and decision-making. It’s one of the best investment vehicles for long-term wealth because simply building an …….

Source: https://medium.datadriveninvestor.com/formulating-a-millionaire-real-estate-investment-strategy-b27786220133

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