Thorough research provides knowledge about your market or area of investment. In real estate investing knowing your market is the key. Know the population, employment, good locations, supply and demand for housing and other characteristics about your market. This is better than just assuming that property will go up in value or that you will get someone to rent your investment property.
There are a few ways that you can go about getting this type of information:
1) Speak to your city officials to find out the population projection for your desired investment market.
2) Use the Internet to do as much research as possible.
3) Put together a team of professionals. Realtors, lawyers, mortgage brokers, appraisers, property managers etc.
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