Why You Need an Investment Policy Statement for Real Estate
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Knowledge may be power, but power doesn't always equate to successful investments. The truth is, knowing all the real estate terms and secrets don't do you much good unless you have an action plan, too. That's where investment policy statements come in.
Today, ROI Wealth Watch explains the importance of an investment policy statement and the best way to incorporate it into your investment strategy.
"Have an action plan that will keep you on the right path, even when things get crazy." -Tom Obenchain
In This Episode of ROI Wealth Watch:
- How to earn capital
- When to sell or exchange
- How to incorporate a long-term vision into a five-year plan
- How 1031 exchanges affect investment policies
Wealth Watch Words of Wisdom:
- Don’t cheat yourself out of the advantage of a policy statement just because you are not working with a broker
- Make sure you look at sources of capital, acquisition policies, and sell/exchange policies
- Seriously consider not selling and only exchanging
Grab Your Free Gift!
Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.
Help Others Buy Real Estate in the Right Markets at the Right Times!
Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!
And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.
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