Released on: June 8, 2008, 9:09 am

Press Release Author: waseem dar

Industry: Real Estate

Press Release Summary: When it comes to investing, everybody has certain goals and
aspirations. However, we have found that there are certain guidelines every aspiring
real estate investor needs to know........

Press Release Body: Fl, USA, June 8,2008..........When it comes to investing,
everybody has certain goals and aspirations. However, we have found that there are
certain guidelines every aspiring real estate investor needs to know:

1. Compare Property Values and Rents

Financial statistics only go so far; the best measure of a property\'s market value
is often the sale prices of nearby properties. The same holds true for area rents. A
low price can often be justified by a reasonable rent; renters who can afford a high
rent can afford to buy instead, so reasonably priced rent is a need.

2. Be careful - Tax laws may change

Don\'t base your tax investment on current tax laws. The tax code is constantly
changing, and a good investment is a good investment regardless of the tax code. The
right property with the right financing is what you should look for as an investor.

3. Specialize in something you Know

Start in a market segment you know. Whether you focus on fixer-uppers, foreclosures,
starter homes, low-down payment properties, condominiums, or small apartment
buildings, you\'ll benefit from experience by specializing in one aspect of
investment real estate properties.

4. Know the Costs going in!

Know the financial statements inside out. What are operating expenses? What are loan
payments? Vacancy costs? Taxes? What does the cash flow statement look like? These
are key issues that must be addressed before making a solid investment.

5. Know where your tenants are coming from

If the last rent increase was recent, your tenants may be considering a move. If
tenants have a short-term lease, they may be living there simply to attract
unsuspecting buyers. It is also important to collect the tenants\' security deposits
at closing.

6. Assess the tax situation

Taxes are an integral part of successful real estate investing, and they often make
the difference between a positive cash flow and a negative one. Know the tax
situation, and see how it can be manipulated to your advantage. It may be a good
idea to consult a tax advisor.

7. Investigate insurance coverage

If seller\'s coverage is based on lower-than-current replacement value, your
insurance cost may increase when you pay a higher purchase price.

8. Confirm Utility Costs

Ask the local utilities to verify recent utility expenses, especially
if any of these costs are included in your tenant\'s rent.

9. Consult Your Accountant

Taxation is a key element of successful real estate investing, so be sure to find an
accountant who is well-versed with the constantly evolving tax code.

10. Inspect!

Make sure that you always perform a thorough inspection of the property before
buying it. Never, ever buy any property without at least examining the site. In some
cases, hiring professional inspectors to examine the structural mechanical system
may be a sound investment.

You can find a great resource about real estate investing by visiting here
http://real-estate-investing.articalz.com

Web Site: http://real-estate-investing.articalz.com

Contact Details: Waseem Dar
jose_bowa@yahoo.com