Article by Dave Lindahl
Real estate investment is, by nature, a risk-laden business which is why those who succeed are often adept at quickly assessing and minimising the risks involved in order to close deals fast and make more money in a shorter time.
I can go on for some time about the theory of risk-management and the basics of minimising risk in real estate investment but I will, instead, cut to the chase and say instead that if you are serious about minimising risk in your real estate investing activities you should focus on multi-family dwellings instead of single-family ones.
The reasoning is pretty straightforward: with a single-family property should the tenant’s personal circumstances change you may well find yourself missing out on a couple of months of income which is enough to wipe out your profit from that property for the year… (read the full article)
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