Christopher B., Investor Brokerage Realtor
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General Information
Locality: Philadelphia, Pennsylvania
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Joining a real estate investment group or becoming apart of a crowdfunding program is a great way to invest in real estate if you have challenged credit. Take that time to learn group economics, real estate investing, and build up your credit so you can eventually purchase your own deals.
When purchasing a home or investing, expect that not every deal will close successfully. It’s important not to put all of your eggs in one basket or act impulsively.
Something tells me a real estate market crash is coming soon...
No, you don’t have to buy a house. There are lots of people who prefer luxury apartments and condos. However, if you aren’t looking to purchase a home, the extra money you would be saving would be well spent if invested in other rental income-producing properties. Otherwise, if you have no hopes of investing in real estate then purchasing a home should be a priority of yours. It provides you the opportunity to own a piece of the earth and grow equity in the property. This equity could be used for whatever you wish.
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