Cash flows and property investment
When signing a loan to get into the real estate business initially, bear in mind that your payments are not always going to equal the payments being made on the property if it is being leased to another.
That may be why it is in your best interest to have full or at least near full ownership of a property before renting it out.
This is because not only would you be responsible for making up the difference between the rent and your payment, but you also have the responsibility of paying any insurance payments or property taxes that ownership of the property may incur.
Real estate is one of the best businesses out there for people who don’t have a lot of opportunities available to them. It has successfully turned many a dreamer into a businessman, but it is not to be regarded as a get rich quick scheme.