1. You Must Understand Your Risk. Obviously, as you take on more debt, your risk compounds. Only buy flip homes for cash. No mortgages. No equity lines. If you don’t have enough cash to swing these deals yourself, take on a silent partner who does have the cash and split the profits. The problem [...]
Real Estate Investing Mistakes 1. Planning as you go. Andy Heller, an Atlanta-based investor and co-author of "Buy Even Lower: The Regular People's Guide to Real Estate Riches," says lack of a plan is the biggest mistake he sees new investors make. They buy a house because they think they got a good deal and [...]
Tight inventory, which has plagued the Chicago and national real estate markets for a few years now, keeps getting tighter in mid priced suburbs. Tightest among them are Glendale Heights, where the supply of homes on the market at the end of February was enough to fuel just 1.4 months of sales, Elk Grove Village [...]
