some advice about property investment

**monish1** · 12-09-2010, 04:23 AM

Hi,
I want to invest on property, please suggest me "How i can invest in property".

**byHomeOwner** · 12-09-2010, 09:47 AM

Originally Posted by monish1

Hi,
I want to invest on property, please suggest me "How i can invest in property".

The most important thing for you to have if you want to "How i can invest in property" is money. If you don't have money then you need to have a source of money either from a bank or other lender.

After that you will probably need a good lawyer to read your purchasing contracts for you.

**CLTinvestor** · 12-09-2010, 06:20 PM

I would start by finding some local real estate professionals and get as educated as possible about your surrounding market. They will help guide you and by knowing and l understanding your local market, the better off you will be when making that 'first' purchase. And read as much as you can as well. The more educated you are in the world of real estate, the better!

Hope that helps...

**CLTinvestor** · 12-22-2010, 05:01 PM

I agree, you don't need to invest locally but since you're just starting out and you possibly plan to invest in a property to rent out, it helps to be able to get to it within an hour or less. If you could get by with a property manager in this instance then its probably not going to be much hassle. If managing it yourself, you may find you have to get to the property more than a few times a month. If you were flipping the property, you may run into the same situation.

Good luck with it!

**AnjaliGoswami** · 12-23-2010, 10:29 PM

Before initiating, you have to first decide your budget and then take the help of some experienced real estate agents that can help you with your investments at right place.