10 Steps for Buying Your First Investment Property - Nick Statman

According to Nick Statman Real estate is arguably one of the best investments you can make, provided you follow the right steps:

#1: Ask yourself if you really want to be a landlord

#2: Get rid of high-interest personal debt

#3: Save for your down payment

#4: Build up your cash reserves

#5: Consider long-distance real estate investing

#6: Compare paying all cash to financing

#7: Develop your local real estate team

#8: Analyze each market on a macro level

#9: Master the art of financial analysis

#10: Take the leap!