Source: Business Insider—
One of my biggest financial goals is to invest in real estate. I’ve always wanted to own a handful of properties, all around the country, that I rent out to tenants as a way of making passive income. While I’m years away from being in the position to buy my first investment home, I’m doing what I can to understand how the whole process works.
In addition to finding out how much cash I’ll need for a down payment, renovations, insurance, taxes, and to cover fees before a tenant moves in, I’m also eager to find out what else I should know before I enter the real estate investing space.
To help figure that out, I spoke with Marcia Castro Socas, a real estate investor, home renovator, and real estate broker who has generated millions from her investment properties over the years, about what she’d tell any new investor. Here’s what she had to say.
