http://investorwealth.com/blog/2008/07/19/getting-started-in-real-estate-investing-do-you-have-a-plan/ Brought to you by InvestorWealth.com Tue, 02 Dec 2008 19:50:04 +0000 http://wordpress.org/?v=2.2.1 http://investorwealth.com/blog/2008/07/19/getting-started-in-real-estate-investing-do-you-have-a-plan/#comment-7582 James Burns, Esq. Sun, 20 Jul 2008 23:54:53 +0000 http://investorwealth.com/blog/2008/07/19/getting-started-in-real-estate-investing-do-you-have-a-plan/#comment-7582 This is fair comment that investors have to take investing in real estate like a business and have a business plan and monitor it frequently ann be prepared to change it all the time. The first two questions are - am I buying wholesale, discount or retail? and what is my exit strategy? these two fundamental questions are overlooked and then it can lead to clamity. I also recommend buying slowly and making sure if you're debt financing that you're able to fit it in your balance sheet...run yourself like a business with a cash flow statement that has more cash than liabilities. This is fair comment that investors have to take investing in real estate like a business and have a business plan and monitor it frequently ann be prepared to change it all the time. The first two questions are - am I buying wholesale, discount or retail? and what is my exit strategy? these two fundamental questions are overlooked and then it can lead to clamity. I also recommend buying slowly and making sure if you’re debt financing that you’re able to fit it in your balance sheet…run yourself like a business with a cash flow statement that has more cash than liabilities.

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