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Lior Babazara Shares 3 Tips for Those Who Want to Invest in Real Estate
You should give yourself a pat on your back if you are thinking about investing money in real estate. It means you have realized that keeping money safe and not investing in anything only means that your savings are losing value over time. Through investment, you can increase your money many times more than the initial amount you start with.
Lior Babazara has been investing in commercial and residential real estate for years and he also has his own online platform for real estate investments. Here is what he wants to tell every investor who wishes to invest in real estate.
Real estate isn’t a market where you ever hear others telling you that you can become rich overnight. That’s because you can’t do that. It is true that exceptional cases do occur.
Lior Babazara says that real estate investment should be taken as complete process that consists of many small sub-processes. You have to cover your journey by completing these little milestones. In fact, he believes you should start by having a plan and setting milestones rather than having just one giant goal.
Another mistake that you can make, which is also a mistake that a lot of beginners make, is thinking that real estate is easy. According to Lior Babazara, if real estate is easy then landing a rocket on the surface of the moon is easier.
These are just examples of things that will keep you worried as a real estate investor. Whether you are buying a house, renting it out, or thinking about owning a piece of land, your mind will stroll through these tunnels several times in a day every single day.
Think about a job. If your salary continues to go high but you stay in the same role, you know you are going to reach the ceiling pretty soon. You can get paid in the same role only so much.
Commercial properties give you more revenue per unit and are easier to price high than residential units. Even the contracts in commercial real estate last longer than they do in residential.
Lior Babazara wants you to focus on these primary elements of investing. He says that you can learn the particulars of real estate investments once you are in there. However, it is the mindset you have before you make your first investment that really decides whether or not you are going to succeed.