Follow these four tips from a seasoned pro at the GSH Group to minimize risks and avoid the pitfalls of real estate ownership.
Real estate is a compelling option for investors. There are opportunities to profit on both the front end and back end of a deal, tax strategies to help maximize gains, and a steady revenue stream in the form of rents, dividends, or distributions while you own a property. Unlike other investments, real estate is a tangible asset that, ideally, appreciates over time.
It’s easy to see why many investors are eager to enter the market. Especially for first-time real estate owners, however, a steep learning curve and unexpected expenses can quickly throw a property into the red. I’d like to think I’ve seen it all in the nearly 15 years I’ve been involved in real estate investment full time, but I’m not that naive. There are potential pitfalls at every step. Here are four critical considerations where investors should exercise caution.
Click here to read the full article by CEO & Managing Partner Gideon Pfeffer on Inc.com to learn more about how investing in real estate can lead to big profits.
For a comprehensive list of Gideon’s articles published on Inc. Masters, click here.
