Whether investing in stocks, bonds, or real estate, you need to learn about what you are buying. Even before that, you need to set some realistic goals about what it is you are trying to accomplish. Zig Ziggler once wrote " If you aim at nothing you can hit it with amazing accuracy! " Are you looking for cash flow or equity build-up? Who are you going to trust to help you figure these questions out? Start with a local expert.
How do you know know when you've found an expert? Start by asking them how many houses they have sold in the area over the last year. Then you might ask how long they have been selling real estate in general. If you are not satisfied with the answers you get, then find someone who has the level of knowledge you want.
Where should you buy? Location, location, location. Your expert will help you find the location that will bring the best value for the money. One of the most important reasons to use a local expert is because you make money in Livermore real estate WHEN YOU BUY, not when you sell. If you buy in at a discount, you are golden.
A newbie investor will be farther along moving toward successful investing in Livermore homes when they begin to understand the difference between speculating and investing. Go to the library, pick out a few real estate investment books, read them, and then surround yourself with folks that can help you start your Livermore investing journey.
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