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While some investors seek to make quick turnovers by  [https://hemmingsengul.livejournal.com/profile Continue Reading] buying cheap and flipping within weeks or months, your better bet is a longer view. Look for safe properties where you can park a big sum of money and get investment return via monthly income like rent.<br><br>Starting out with real estate investing, you might want to get the best financing by purchasing a residence for yourself and then converting it to a rental. In this way, you can make a smaller down payment and get better terms. You can work on the property at your leisure and then ret it out when you are ready to move up. Use the rental income to reinvest in other properties.<br><br>Do not buy any additional properties until you have started making a profit on your first. This scenario may end up with you being in possession of several expensive properties that aren't making you any money. 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There are a lot of excellent real estate [http://Www.Telegraph.Co.uk/search/?queryText=investment%20options investment options] among foreclosures. They are near always listed well below market price, and some may likely only need minor upgrades and touch-ups. Foreclosure flipping can be a very profitable investment strategy, but do your homework before getting into it!