Leah Kelvin
Active member
To ensure long-term success and peace of mind, it is important to establish a risk profile in your real estate investment strategy that suits you. Evaluate where you stand with regard to market volatility – do fluctuations make you nervous or are they just part of the game? Another thing worth considering would be figuring out how much money one has at their disposal as well as what they’re hoping for out of this investment financially wise. By considering these things we should be able to minimize risks associated with such endeavors (not too much though, remember). Also it wouldn’t hurt to look into alternative forms such as REIT’s or direct ownership, but don’t forget about cash flow analysis when evaluating potential returns on an investment property. In order to succeed in the world of real estate one must know themselves and their limits; aligning risk tolerance with strategy is a great way achieve financial dreams while still being able to sleep at night.
