Small Town Investing
Investing in any location can be risky and that’s why it’s important to understand what to look for and how to do it. In this post, we’l discuss four main topics:
- Why you should invest
- How you should invest
- Where you should invest
- What to invest in
Why you should Invest
Whether you are just graduating college or 5 years from retirement, it’s never to late to plan for retirement and investing in real estate is a great option. With inflation continuing to rise, holding cash in the bank or having all your savings in a 401k, IRA or stocks has risks of large drops in the market as we recently have gone through. While investing in real estate also has the risk of home values dropping, you still have an asset that can produce income and provide a sale.
How you should Invest
Once you’ve decided to invest, it’s a good idea to get educated, find a mentor, and start slowly. Education can be expensive, so ask others that have been through the training to see if their payback matches their investment. It’s always best to learn how to do something by actually doing it and because of that, I recommend that you pick a local market. This gives you the experience of finding deals, contractors, tenants and doing the financials so that when you expand, you can make better educated decisions.
Where you should invest
There are four things to look for to find a great market to invest in:
- Cheap Houses
- Good Jobs and Job Growth
- Population Growth
- Fiscally Sound and Business Friendly State Government
If your market has those four attributes, you get educated on how to buy, and you take the action to invest theres a great likelihood that you can get some great returns. The less each of the attributes are missing from your market, the tougher it will be, though you can always find good deals in every market if you dig deep enough.
What to invest in
There are many options to choose from when investing in real estate, including single family homes, multifamily homes, apartment buildings or commercial buildings. One quick, popular way to get into real estate is to buy a duplex, live in one side and rent out the other. There is always more options when it comes to single family homes and returns can be very good.
What Alpine Capital Solutions Provides
If you have a full time job or don’t have the time to dedicate to learning how to invest, but want to diversify your income or retirement savings with consistent returns, a 2 or 3 day weekend training may be for you. Find out if you qualify for a free training weekend by submitting the form below or click here to find out more about the bus tour weekend.