Billionaire Andrew Carnegie famously said that 90 percent of millionaires got their wealth by investing in real estate. While this is true historically, we seem to have reached a level of interest and participation in real estate investing that we’ve never seen before. The result is an overabundance of new investors forging ahead without following proper due diligence.
You can’t turn on the TV without finding a half-dozen shows on house flipping, rehabs, and income properties. You can’t go down many blocks in any city without seeing cranes and construction everywhere. A big part of the demand is a strong economy and the persistently low mortgage interest rates that have been in place for 10 years now. Access to investment options is also at an all-time high, so you may have already jumped in or are close to it.
But before doing so, I’m going to break down the metrics you need to know and use to differentiate a risky or OK deal with a GREAT one.
Our main investing strategy is of the buy and holds variety, so that’s what I am going to focus on.
Read the whole article here:
6 Metrics You Must Know to Identify Great Investments
