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Check Out This Great Article By Dave Wedemire

11 Dec

Using your money to invest in real estate is a big deal. Regardless of whether you’re buying commercial property, your own home or a piece of rental property it can be an ordeal to get through. In any regard, you want to make sure that your money is being invested wisely through sound choices. This article will try to show you how you can make the best decisions regarding all of your real estate purchases.

Develop a relationship with a Realtor or real estate agent that you trust. This should be a person who you get along well with, who you trust completely, and who has great advice and connections on the areas that you purchase property in. You will have to deal with them quite often, and using their knowledge and connections will come in handy more often than you might think.

When you find a piece of property that you want to consider, make sure that you have it inspected thoroughly. The inspection process is the only shot you have at getting out from underneath a money pit before it is too late. Don’t be afraid to order extra inspections if something shows up in the preliminary report. It is your money that you are dealing with, make sure you protect it by understanding what you are getting into.

Things can change in the blink of an eye when it comes to ordinances, building projects and community happenings. Keep an eye out on the areas that you buy to make sure you know about anything that is coming up, or may happen in the future that could affect your properties. Buying into a property with an idea in mind only to find out after the purchase that a new change won’t allow you to follow through with those plans can be very disheartening. Avoid this by doing your homework ahead of time, and all the time.

Especially in these economic conditions, there is more help available to help people get into new homes than ever. Down payment assistance programs are popping up all over the place. Check with your state, your city and even community partnerships to see what may be available to you. Sometimes the qualifications for these are actually very loose.

In much the same way that real estate agents and Realtor relationships are important, knowing people in the lending industry who can find the perfect loan for each property is key to your success. There isn’t much than can shut a deal down faster than not having the money to do it. You never know when you will need a back up plan and these relationships can become a life saver in those situations.

Investingin real estate isn’t quite as simple as letting your real estate agent handle every detail for you. You will need to make all the most important decisions yourself. If you are able to follow the ideas and suggestions from this article you are most likely going to make a good solid investment in the properties that you purchase.

Dave Wedemire is a Principal with Bullseye Capital Real Property Opportunity Fund at http://www.bullseyecapfund.com.