When the U.S. residential real estate market hit the skids in the latter part of 2007, it started a chain reaction that would eventually bring the international economy to its knees. Since that time, government officials, economists, and financial experts have been coming up with creative ideas to prop the real estate market back up. These solutions, such as the first-time homebuyer tax credit, have met with mixed success. But in the past year, the U.S. real estate market has been on the rebound, largely because of a sharp increase in foreign investment in U.S. commercial properties.
If you’re looking into real estate investments, you likely want to earn wealth on real estate based on risk you are taking, while minimizing the amount of time you need to spend attending to the property. In order to accomplish this, you need to make some smart choices upfront when buying investment property. Your goal should be to strive to get as close as possible on as many of these optimal scenarios as possible: