freedom is to correctly identify potential real estate investments. The most important aspect to consider is a property’s profitability. Profitability has two sides – the amount that an item costs to purchase and the amount that an item can sell for. Ask yourself the following question: Can I sell this property for more than I bought it for? If the answer is yes, then you have identified a prospective opportunity. You can maximize your profit by expending a minimum amount of time or upfront costs. Real estate that has been foreclosed or defaulted on or has been sold due to back taxes typically has an extremely low sale price. These are only a few examples of motivated sellers. The more motivated the seller, the lower the initial investment will be.
The next step to fiscal independence is to secure the money to make the purchase. The Real Estate Investment Academy