Breaking Real Estate Market

**rehabrealestate** · 03-10-2010, 08:33 PM

Take time to ask yourself the following questions:

QUESTION 1: Is this your first time or do you have prior home ownership experience?

QUESTION 2: Will it be your primary home or a real estate investment?

If you are considering the property as an investment, bear in mind that financing is not as simple as how it appears to be.

QUESTION 3: Is your finances in good shape? If you plan of staying in the industry for a long time, you need to keep your finances in good standing.

These three factors should always be considered before buying a property from foreclosures listings.

**Waterfront Specialist** · 03-10-2010, 10:57 PM

Hey rehabrealestate,

Nice suggestions given by you.

Thanks for the post.

**nattynitin** · 03-11-2010, 11:29 PM

You are right, all three things which you mentioned are right. But to my experience you need to consider more on the 2nd one. We need to ensure that whether it is for primary usage else for real estate investment.

**rehabrealestate** · 03-15-2010, 09:16 PM

Hi, I'm glad you found my post interesting helpful. Likewise, each factors varies according to your experience and market ;-) Thanks. However, if you are newbie in this field you can ask for assistance of a real estate investor / guru, to avoid misconceptions and failures.

**Lease_Abstract** · 03-19-2010, 01:53 AM

The last two questions are always in my mind. I kept them to remain in the business,and its quite a big help in decision-making.

**rachel** · 03-20-2010, 12:03 AM

Hi,

Your suggestion is really very good as the real estate investment is the long term investment so, one should be very careful while investment.

Thanks

**MichelleD.** · 04-05-2010, 01:05 PM

Hmm...Interesting! I will ask those question for myself. And hopefully I found good answers.

**julieCEO** · 04-11-2010, 05:35 AM

Every investment need a proper analysis. Keep in mind these question will making investment.

**sunnybatra** · 04-12-2010, 10:22 PM

Hello everyone....

All the three given suggestions are really good .I would like to add in second point.It is absolutely true first to think ,is it your primary home or a real estate investment.

If it is a real estate investment that it is important for you to invest in right property.Now the question is how to judge, are you investing in right property or not .For this you need to know each & every thing about the property (like its arv [after repair value]) .And if you are not able to focus exactly on the investment you can take assistance from a real estate consultant .One such is investors Clinic which is perfect in real estate consultant .