Business Reference Guide: Real Estate Planning

ebook

By The Editors of Salem Press

cover image of Business Reference Guide: Real Estate Planning

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This volume begins with an essay by Marlanda English that offers a broad overview of investing in real estate. To do this, investors can use their own funds to acquire property, although English notes how individuals often turn to financing companies to obtain mortgages. In doing so, investors must be sure to research and understand the language of lenders in order to avoid risky mortgages. In addition to the actual purchasing of the property, other costs that accompany the investment are maintenance, repairs, and tenant management. Michael P. Auerabch sheds more light on purchasing a home and taking out mortgages before he delves into real estate entrepreneurship. If approached in the correct manner, a real estate investor can become a real estate entrepreneur by deftly managing their properties. However, while a venture in real estate can be extremely profitable, it can also be considerably risky. To mitigate risk, Auerbach stresses the importance of entrepreneurs compiling “a reasonable portfolio of properties for sale or purchase based on a careful weighing of the returns and dangers of investing in real estate.”
Business Reference Guide: Real Estate Planning