Luther Ragsdale Real Estate Investment Tips
Beginners and first time investors can easily get sidetracked, taking quick advantage without considering the countermeasures which experienced realtors find obvious. Strategic players plan ahead, and see beyond the next move. If you want to create a more powerful control of the board you need to anticipate the development of a series of moves. Ragsdale always makes time and space to be inventive, passionate, and personable, as for him those are the three pillars of his business. Some people see real estate investments as a way of making quick bucks and having tenants pay of the mortgage. Same as with any other investment, there are both pros and cons to taking that leap. If you are considering this kind of investment, here are a few tips offered by Luther Ragsdale that can help you in the process.
First and foremost you need to determine precisely how much you can afford to borrow for your investment. Getting stuck in debts that you can’t pay off is the last thing you want to do. With that being said, you need to look for properties that will generate a positive cash flow. That means if you decide to rent the rent money that you’ll receive from your tenants should be enough to cover your mortgage payment, utilities, property taxes and insurance bills. Some minor repairs will invariably arise so be prepared for that as well. One of the things that Ragsdale often stresses on Zillow is finding an experienced real estate agent who also invests in real estate. Investing is an experience that you can only get through first-hand, which is why you’ll need someone with both good and bad experiences.
