To Find the Best Real Estate
Investments, Let’s Get Personal!
Wondering how you can find the best real estate investments? Just take a look at real estate investors - they come in all colors, shapes, sizes, ages and attitudes. They’re all individuals, and by the same token, the best real estate investments will be individual solutions to your personal goals.
That’s another reason why real estate investment is such a popular choice, and why it’s sometimes kind of tough to figure it out - it looks different in every instance, depending on who’s investing, in what, and where. Here’s a funny quote from a well-known author on real estate investments that illustrates the idea nicely:
“By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card.”
~ Robert Kiyosaki
So if you’re finding out, like Robert Kiyosaki, that even the checkout girl at your favorite grocery store is getting into real estate but you’re still anxious about making the wrong move, let me reassure you again - you can figure it out, and you’re no fool! So that’s what I aim to share with you here on HowManyDoors: The simple truth about finding the best real estate investments for you.
So let’s start with you! Whether you’re young, old, rich, not-so-rich, retired or soon to be, a risk-taker or risk-adverse, whoever you are will determine how you’ll achieve your real estate investment goals. You’ll learn about the many ways to invest in real estate and select the one that will best meet your needs. Your strategy may change and evolve over time. For example, you may start with a simple buy and hold strategy and then move onto “flipping” as your knowledge and confidence in choosing the best real estate investments grows.
The best types of real estate investments are perennial, and you can read through real-life case studies in our Professional Membership chapter, Personalizing Your Strategy. Here are several examples and you can read the rest once you advance to this section of the site (remember, here’s where you can Get Started with the basics). These are simple scenarios of the best real estate investments - along with the what, where and why.
- The Low Maintenance First Investment: Sara’s a single working professional and beginner investor with concerns about property upkeep, and chooses an out-of-state condo in Florida where the real estate prices are still low and, because it’s a condo, maintenance issues are taken care of by the property management firm.
- Multifamily with Cash Flow Goals: Jennifer and Jim are married with young children, looking for a first investment with a long term goal of owning multiple rental units for significant monthly cash flow. They purchase a duplex in Las Vegas when they see that it can be purchased for nearly the same price as a similarly sized single-family home but provides much more in rental income.
- Highest Cash on Cash Return: Matt is a divorced dad who wants to retire in 10 years, but needs to bridge a $30k gap in his retirement plan. He finds an out-of-state single family home in Ohio, where the availability of foreclosure deals offers a high cash on cash ROI. He’s got four more properties in his sights to meet his ultimate income goal.
If you’re still thinking that the best real estate investments are hard to find, it’s time to consider buying out of state. Rest assured, we’ve got some road-tested advice about that, too. Check out it out here, and, if I may suggest, keep an open mind. I think you’ll be inspired by the variety of investment strategies available to you, and by the success stories we share on HowManyDoors of people, much like you, who have found the best real estate investments to achieve their personal goals.
Let’s get started - together!
FREE Guide: Real Estate Investor Strategy
This pin-up-worthy pictorial guide will remind you how to invest in real estate - successfully! Get yours now.
Your Blueprint:
How to Find an
Investment Property
Real estate “flipping” looks easy on those TV shows, but do you know how to locate the best deals? Just follow this blueprint guide.
FREE Tool: Return on Investment Calculator
A great tool for beginners and pros alike who want to know how to invest in real estate. Forecast your cash flow with just an address - try it now!