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How To Prepare Yourself For Becoming Real Estate Entrepreneur

How To Prepare Yourself For Becoming Real Estate Entrepreneur

Real Estate
The first thing to know before jumping into becoming a real estate entrepreneur is to have a broad knowledge about the market. Once you can good understanding about the market in which you will be working, it is time to decide whether to deal in residential property or commercial property initially. Experts suggest to start with residential property as it is less complex and most of the buyers have experience from buying their own home. Take note that even residential property is segregated in several categories. Next, it is important to decide whether you want to become a passive investor or an active investor. In the first case you can hold the private loan note secured and you can also do it through seller financing, money lending and tax liens. It is to note that you need to ...