The economy hasn't been doing that well, but it is certainly profitable for real estate investors. Now is a great time to become an investor in real estate career. You now have already taken the beginning step to success.
Do not forget about other costs that come with buying a property. You need to pay staging costs, closing costs, staging costs, and quite a few other things that can make your bottom line more. Consider all costs involved when you work on your margin - https://www.streetbreakers.org/sell-house-fast-oregon-today/
You will be surprised to see how many people end up negotiating against their own interests when they have the chance to just run their mouth. If you listen, you are more likely to get a good deal.
Consider rental values as you evaluate how much any given property is worth. You can make a year for just renting out the home. Then you could resell the home for a larger gross profit.
When you purchase a property as an investment, have someone who is handy at fixing things to help you out. If you don't, your positive cash flow could be spent on tons of expensive repairs. A dependable handyman will also come in handy for after-hours tenant emergencies are taken care of after business hours.
While you may want to diversify your portfolio with purchases all over the place, make sure you also tap into your local sources. You know your area that are great investment opportunities. You should at least start out in your local community to find good deals.
The time to be investing in real estate is when property prices are low. Those who are successful in real estate study the area first and know the business well. Following through with these suggestions will get you started on the path to success.