resi investing 101, page-20

My tips are

Sell something once in a while and be indulgent with the profits.

Also keep very good records of all expenses and file them away in a location that you will find them when required.

Never rent to lawyers

Start as early as you can to put you ahead of the pack.

Remain open minded and recognize there are cycles and selling everything and sitting on the sidelines for a lower reentry can be worthwhile.

Cosmetic renovations have to be done very well.

Take plenty of photos to accompany a written property condition report.

Buy corner blocks

Find a local plumber and electrician and make them high ranking acquaintances

Furnish a house that you are selling, if you can afford 5k pay an expert to do it.

Borrow the first years interest and Pay loans interest in advance.

JS