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  This may sound somewhat ridiculous but what is meant by that is to take your time. Once you reach four you are able to build a hotel and so on.Buying properties should not be looked at as "the one with the most wins". This is a great lesson to all "would-be" real estate investors just entering the market but still unsure as to a game plan. Then when you feel comfortable with the process, decide whether or not you want to purchase another one.I'm sure most of us have played the very popular board game called Monopoly at least once in our life.Lots of investors just jump into the market without a focus, game plan, or business plan (whatever you The ePTFE air filter membrane Suppliers would like to call it).The point of the article is to take your time. If you ran out and bought 20 properties and then found out you didn't care for real estate investing, well too late you better get liking in soon (at least until you can get rid of them). First you build a house and then another until you get four on a particular property. If not, the premise of the game is to roll dice, land on properties and eventually buy them. Just as an example, we knew an investor who had only a couple of single family homes in his real estate portforlio.

  If your having trouble coming up with a focus, one suggestion would be to take the game Monopoly and adapt it as your business plan. Once your feet are sufficiently wet, then you can move up to bigger projects if you like such as duplexes, fourplexes, six units, and eight unit properties. There are tons of good deals out there and you won't miss them by taking your time. Don't set yourself up for failure by taking too much on at one time and possibly leaving yourself vulnerable financially or finding out that you just don't like the stress of real estate investing. Soon afterwards his tenancy dropped below 50%, and his roof needed to be replaced in the tune of $60,000! Not to mention he had to figure out how to manage the property quickly or he would be looking at further decreases in tenancy and in tu even more money out of his pocket for his debt service. If you are in the market without a plan, please take a few minutes and heed this advice. Rather you should slowly dip your big toe in the real estate waters to see if you even like it.

  This methodical approach will give you time to lea, put systems in place and really season yourself as a true real estate investor. Use the game Monopoly as your guide for a sound business plan that will have you purchasing properties steadily and ensuring your that you become a successful real estate investor. Once you are comfortable with that then maybe you want to try your hand at apartment buildings, commercial properties or development. Once purchased, properties can be built on them. Buy one property, fix it up, and sell it or hold it. This is scary to think about it and it should frighten the heck out of those of you who are doing just that at this moment. One day he was offered a "real deal" on a 33-unit apartment building and he took it.

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