To be successful in real estate can be pretty simple if you adopt these 4 phases of portfolio growth as a framework to decide on your next property move. Let me briefly elaborate the on each phase.
- Finding the right first property
- Maximizing leverage
- Start early in your 20’s
- Finding the right second property
- Portfolio optimization
- Exit strategies
- Introduce other types of real estate
- Expand into other financial instrument
- Estate planning
- Wealth distribution
Adhering to these following simple guidelines will not only give you a head start but minimize unnecessary mistake which could either cause you to fail or achieve much less.