Los Angeles Property Management
Los Angeles Property Management knows that when it comes to following rules for success in the real world, there will be plenty of trial and error years.
Los Angeles Property Management Ten Rules To Follow:
Los Angeles Property Management has learned in today’s day and age, that knowledge is the new currency.
Without the proper knowledge you’ll follow other people’s advice without knowing if it’s valid.
Knowledge helps all investors from being a good investor to becoming a great investor.
2. Achieving Goals
Los Angeles Property Management knows that achieving a goal is different from a wish.
You could wish to be rich, but you have to take serious steps to make success become a reality.
You have to set a clear and specific investment goal to come up with a plan of action to becoming financially independent.
3. Long Term Gains
Los Angeles Property Management says to always invest with a long term set of mind.
Don’t speculate on quick short term gains, although, if the market is hot you might experience double digit gains.
No one ever knows how the market will peak, it’s usually 6 to 9 months after the fact when you’ll find out.
4. Investments Procedures
Los Angeles Property Management says with rare exceptions, always buy investment property when your cash flow is in the positive.
When you have a cash on cash return, this is directly related to the before tax cash flow that comes from your property.
Cash flow is known as the glue that keep your investments running.
5. Market Knowledge
Los Angeles Property Management know that the U.S. is a very large and is made up of hundreds of local real estate markets.
Each market moves up and down due to many local factors.
Be sure to invest in markets when it makes sense for you, don’t do it because you live there or because you have bought property there before.
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