An important question that you should always ask when you are considering any real estate investment is, "When and how will income or wealth be generated on or by this piece of property, and in what amount?" The correct answer to that question tells you how much the property is worth today and how much it is likely to be worth in the future.
Even though interest rates are at all time lows and property values are increasing at record levels, there are still foreclosures happening at record levels today, because of so many people losing their jobs. Having said this as a warning, there are many things that you can learn and do, starting with very little money, to begin building your financial independence in real estate.
If you do not have much money but have lots of time, and you sincerely desire to enter into the real estate field, the simplest way for you to start is to buy homes that need work and fix them up, thereby increasing their value. This is where many successful real estate investors and entrepreneurs begin their careers.
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