Once you purchase your first investment property, you now have a real estate business. If you decide to manage your own property, you will need to advertise for tenants, screen prospective tenants, draft a lease, make sure the lease adheres to your state and county regulations and laws, etc. It’s a business. Also ask yourself, “do I have the right personality for a real estate business?” What does it take to run a real estate business? For the advantages to starting your real estate business, click here. For beginner real estate investors, it is important to consult with your legal advisor about the best business structure for your real estate business. For the advantages to investing in real estate, click here.
The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.