You need to ask yourself how much risk you are willing to take. Ask some tough questions of your personal finances and lifestyle. If you are a financially capable, sophisticated real estate investor then leverage and debt can be your best friend. If you are not in that category, be honest with yourself and borrow less or spread your equity risk by bringing in a partner.
We would like to remind you how important your good performance with us is to your future financial life. Unfavorable performance on your part will be made available to future landlords, banks, mortgage companies and other potential credit grantors with whom you may wish to do business with in the future. A good rental performance will build favorable reports and your important financial future.
As bad as it felt, that was a great moment for me. I decided right then and there to never be dependent on someone else ever again for my livelihood. Never again would anyone have that kind of power over my financial life. I've worked with people all over the country, like you, who were committed to changing the quality of their financial life forever.
After weighing the complaints and comments of students against the typical rental property and owner manager, Craig decided to design his property operations to appeal to students who placed high value on quiet, aesthetics, cleanliness, security, and a pleasant, easy-to-get-along-with owner. In addition, he wanted students who had previously exhibited a high degree of responsibility in managing their personal finances, studies, college activities, and employment. From among the many students who were searching for apartments, Craig wanted to select the cream of the crop. To attract this tenant segment, Craig knew that he had to offer the features and benefits that these students would value highly.
To avoid this trap, know yourself, your finances, and your capabilities. To succeed in real estate (as well as in any other endeavor), honestly inventory your likes and dislikes, strengths and weaknesses. Make sure your properties, tenants, and neighborhoods match up well with who you are and how you want to live your life. Otherwise you, too, can easily get frustrated, careless, and burned out.
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