Five Types of Real Estate Investors - The First-Time Investor
Did you know that there are five types of real estate investors? When talking about residential real estate, there are five types of real estate investors. This week, we will be taking a look at these five types of real estate investors and learning a little bit about each type.
The first type of real estate investor, The First-Time Investor, is simply as the name implies. The First-Time Investor is an investor buying a home for investment purposes for the first time. While I recommend that any and all investors purchasing real estate for investment purposes have a plan, having a plan is especially important for the first-time investor. It is recommended that a first-time investor work with a Real Estate Investment Specialist to develop this plan.
When we sit down to discuss your plan, some of the factors we will talk about include your purpose for investing in real estate, some of the "mistakes" to avoid, and your tolerance for being a landlord. The goal for a first-time investor is to find a property that will quickly have a positive cash flow and be profitable in the long-term. If you are considering becoming a First-Time Investor, contact me so we can discuss your plan today!
If you missed how Joel & Danni started investing in real estate, here is One Investment Strategy for Tampa Bay First-Time Investors to Consider. Stay tuned for the rest of the series on the Five Types of Real Estate Investors!
Today - $ Five Types of Real Estate Investors - Type 1 - The First-Time Investor
Upcoming - $$ Five Types of Real Estate Investors - Type 2 - The Move-Up Investor
$$$ Five Types of Real Estate Investors - Type 3 - The Portfolio Investor
$$$$ Five Types of Real Estate Investors - Type 4 - The Performance Investor
$$$$$ Five Types of Real Estate Investors - Type 5 - Rehab & Resell Investor
Photo Source: Buying House: vichie81/FreeDigitalPhotos.net
Photo Source: House and Dollar Bills: Stuart Miles/FreeDigitalPhotos.net
Photo Source: Planning and House: Renjith Krishnan/FreeDigitalPhotos.net