As most real estate investors know, advice about real estate investment is easy to come by, you get it often, whether you want it or not, and from people who mean well. If you're an investor, you likely agree with the words of Mary Schich, "Be careful whose advice you buy, but be patient with those who supply it." Yes, the second they got wind of your real estate investing plans, your Uncle Ned, his third cousin, and their labradoodle all had the "best idea ever." But if you want some investment strategies you can depend on, keep reading!
You Have Investments: How Can You Expand Your Detroit Real Estate Investment Portfolio?
February 5, 2020
After your real estate investing business has been born, it’s time to raise that investment into a wealth-generating force! The first steps are often the hardest: getting your first property, replicating your success, and getting a team together to manage a few properties simultaneously. Once you’ve gotten to this level, your business is still not fully realized. However, you do have a solid foundation. To take it to the next level, you have to do a few things differently. Here are some tips that will help you take your Detroit real estate portfolio to new heights.
If your real estate investment business is starting to feel like a circus, it may be because you're spinning too many plates. In a way, it's good to be busy: it means you are preoccupied with managing your income, and that should be celebrated. On the other hand, no matter how smart or hard-working you are, your mind and body are finite resources; you can only juggle so much.