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5 Questions You Should Ask Before Acquiring Your First Real Estate Property
For some, an investment in real estate can be tempting. It's just something that's been the source of success for many wealthy people. According to billionaire Andrew Carnegie, investing in real estate made 90% of millionaires wealthy. However, before deciding to give up your hard-earned money for a real estate investment, there are some things that you should know. Below are some questions to ask yourself before investing in real estate: 
1. Can I pay the monthly amortizations for the property for a long time?
Yes, it's tempting to buy real estate, mainly because of good marketing tricks like discounts and sales. However, you should always think about your cash flow and your ability to pay. Don't be an impulsive buyer because it will only cost you big after some time. 
Before jumping into investing, check the other expenses aside from your housing loan's monthly amortization. Frequently, sales agents don't usually disclose some expenses like homeowner's insurance and mortgage protection insurance right away.
2. Will this property give me the most value-for-money?
A trick to get real estate property that is lower than its fair market value is to acquire a foreclosed property. You can also personally look for people who are no longer interested in ... more

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