Beginning Investor

So you’re considering “jumping” into the world of Real Estate Investment! How do you get started? The first step is to accurately access your financial situation and set some goals and targets.

1.) List all non-investment assets and their value. These are items like your house, car, boat etc.

2.) List all investment assets and their value. These are items like stocks, mutual funds, investment real estate etc.

3.)List all debt balances on non-investment items

4.) List all debt balances on investment items

5.) In both catagories subtract debt balances from the asset value to determine net value or net equity in both catagories.

The net equity or net value of your investment becomes your starting point for your financial goal setting. The next step is to set a goal of the annual return you want to achieve on your net equity or net value. In addition you should set a goal as to how much money you will contribute out of your annual salary, wages or commission to your investments. Get this done and now your ready to build a strategy. The right way to invest in real estate is know what your goals, targets and strategy is before you determine what type of property to go after. I’ll have more on the next steps posted here soon!!  Let me know if you have any questions.

Dale Black    dale@blackandassociatesllc.com