Get Smart, Novice Investors
"Buying a home for investment purposes is very different from buying a primary residence," says David C. Hehman, co-chairman and CEO of EscapeHomes.com, an online marketplace. "The first thing I would suggest is research, research, research. Know why you want to buy.... Be realistic about both costs and expectations. And find a great Realtor® to walk you through the process.
"An investor's success is in direct proportion to the degree to which he or she understands the investment," he added, quoting Superhero investor Warren Buffett.
Labels: second homes