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A Tradition of Integrity - A Reputation for Results
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The first step into anything is to of course gather information. I recommend several books as a good place to start. You also might consider checking into IRS Pub 523 and 527.
Once you've decided on which path to take with your real estate investments, the next thing to do is to make sure you have your financing in place. Here is a good place to start Once you've got financing in place, locate potential properties. This is where an agent, like me, becomes useful..
Then analyze the deals that look like they might be profitable. For this an agent, like me, is indispensable.
Then, depending on the nature of the deal, you might also need to review your plans with a tax expert, a legal expert, a general contractor etc...