While it’s true that a lot of the television shows we see today focus on real estate investors on the flipping side of the game, the fact is that one of the most profitable ways to build an Orange County real estate investment portfolio is to buy and hold property – not buy and sell it.
When you hold on to property you are able to let it appreciate over time and make far more money in the long run. Of course, an empty property is not nearly as valuable as one you are renting out and that’s why it’s so important to learn how to manage tenants and play the role of landlord for the properties you choose to hold onto instead of sell.
If you want to learn how to buy and hold property to make the most money out of your Orange County real estate investment, here are a few tips from the experts:
1) Finding quality tenants is one of the most important aspects of successfully renting property you own. But sometimes that can be easier said then done. A great way to learn how to find tenants that will respect your property and pay their rent on time is to seek out the help of experienced Orange County real estate investors. Many times, investors will be able to help you pinpoint where you can find great tenants for your properties.
2) Understanding how to deal with the day-to-day operations of rental property is also a hugely important aspect of the buy and hold game. From repairing leaky faucets to handling pet requests, you will need to manage your tenants and properties on a regular basis. This means that you will need an arsenal of help if a need arises. Some Orange County real estate investors choose to hire a management company while others choose to handle the day-to-day operations on their own. Either way, be prepared to spend some money on routine repairs and emergencies.
3) If you are thinking about getting into the Orange County real estate investment game and want to buy and hold properties, you’ll definitely want to understand the financial side of owning rental property. From understanding the great tax advantages to analyzing advanced rental strategies to maximize cash flow, it’s important for every investor to thoroughly know and understand how to make their investments work for them.
Buying and holding property might sound scary if you’ve just considered flipping, but it truly is one of the best ways to build wealth and a successful Orange County real estate investing career. If you want to learn more about the buy and hold strategy or about managing rental properties, check out Nouveau Riche University’s Orange County real estate investing courses. You can visit them online or call the University today at 949-433-7187 for more information.
Wednesday, April 9, 2008
Thursday, April 3, 2008
Understanding the Financial Management Side of Real Estate Investing
There is a lot more to building a successful Orange County real estate investment portfolio then just buying and selling real estate. It takes quite a bit of patience, know-how and business savvy to successfully create a real estate investing firm that will grow and thrive. A big part of building that business in understanding the financial side of real estate investing and learning how to manage your money so that you can grow your business and remain successful even in times of uncertainty.
So what do you need to know about the financial management side of Orange County Real Estate investing before your take the plunge and invest? Simple – the basics. You should never invest without first understanding the financial aspects of business. Here are few things you should keep in mind before you take on the Orange County real estate investing game:
1) A basic understanding of the components of financial statements, balance sheets, cash flow statements and income projections is vital to your success as a real estate investor. If you don’t understand how to manage your money or accurately project your profits, how can you successfully complete projects? Learning about these financial basics – like cash flow statements and balance sheets – can help you make better long-term decisions about investments as well as the growth our your business.
2) Understanding how the financial side of a business works and applying your knowledge are two separate things. Ideally, someone familiar with the Orange County real estate investing game can help you understand how to practically apply your knowledge to build a stronger portfolio. Learning to use your knowledge to develop commercial credit, understand banking and mortgage requirements, analyzing purchases, and understand tax issues is important for every business owner to know.
3) Once you understand the basic components that make up the financial side of a business you can use that knowledge to more effectively manage your real estate investments and run your business. Since you will know and understand how different projects or investments affect your bottom-line, you will be able to make better decisions about which investments are the most viable and profitable for your company.
While it may seem like a tall order, educating yourself on these financial aspects of Orange County real estate investing is easy if you seek out professional courses that cover these topics. Nouveau Riche University offers a great Business Financial Management course that covers all of these topics and can get you on the right path to developing a successful real estate investment portfolio. If you want to learn more about the course, check out Nouveau Riche online or call the University at 949-433-7187 for more information.
So what do you need to know about the financial management side of Orange County Real Estate investing before your take the plunge and invest? Simple – the basics. You should never invest without first understanding the financial aspects of business. Here are few things you should keep in mind before you take on the Orange County real estate investing game:
1) A basic understanding of the components of financial statements, balance sheets, cash flow statements and income projections is vital to your success as a real estate investor. If you don’t understand how to manage your money or accurately project your profits, how can you successfully complete projects? Learning about these financial basics – like cash flow statements and balance sheets – can help you make better long-term decisions about investments as well as the growth our your business.
2) Understanding how the financial side of a business works and applying your knowledge are two separate things. Ideally, someone familiar with the Orange County real estate investing game can help you understand how to practically apply your knowledge to build a stronger portfolio. Learning to use your knowledge to develop commercial credit, understand banking and mortgage requirements, analyzing purchases, and understand tax issues is important for every business owner to know.
3) Once you understand the basic components that make up the financial side of a business you can use that knowledge to more effectively manage your real estate investments and run your business. Since you will know and understand how different projects or investments affect your bottom-line, you will be able to make better decisions about which investments are the most viable and profitable for your company.
While it may seem like a tall order, educating yourself on these financial aspects of Orange County real estate investing is easy if you seek out professional courses that cover these topics. Nouveau Riche University offers a great Business Financial Management course that covers all of these topics and can get you on the right path to developing a successful real estate investment portfolio. If you want to learn more about the course, check out Nouveau Riche online or call the University at 949-433-7187 for more information.
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