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Be patient when you are first starting out. Your initial real estate investment transaction may not happen as fast as you would like. Maybe the terms weren't right or you just couldn't find a truly great property. Don't become impatient and make less than perfect investments. That's using your funds poorly. Stay patient as the right deal will eventually come.

Property management company's can save you time, money and reduce stress. Doing so does eat into your profit margin, but there are advantages to this expense. Property management companies can handle repairs and screen potential tenants. This gives you extra time to spend on other investments.

If you wish to purchase real estate, try hiring a great property manager that can screen and qualify tenants that are dependable. Since these tenants are what essentially pays your mortgage, it is important that these people have a good credit standing. You might lose money if you do not do this.