Getting Started in Real Estate Investing in Seven Basic Steps
http://www.biggerpockets.com/ubg Do you want to invest in real estate, but don’t know how to get started? This video is going to walk you through the seven steps you need to understand in order to find success as you begin investing in real estate.
This video was created using information from the BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing – which you can get for free at http://www.BiggerPockets.com/ubg.
What is ‘Investment Real Estate‘
Investment real estate is real estate that generates income or is otherwise intended for investment purposes rather than as a primary residence. It is common for investors to own multiple pieces of real estate, one of which serves as a primary residence, while the others are used to generate rental income and profits through price appreciation. The tax implications for investment real estate are often different than those for residential real estate.
BREAKING DOWN ‘Investment Real Estate’
Common examples of investment properties are apartment buildings and rental houses, in which the owners do not live in the residential units, but use them to generate ongoing rental income from tenants. Those who invest in real estate also expect to generate capital gains as property values increase over time.