Ready, Set, Invest! Your Guide to Buying Your First Investment Property

By Sharon Wagner

Investing in real estate is undoubtedly one of the smartest ways to boost your earnings and create wealth. With the potential for significant returns on investment, whether you're looking for an extra source of income or a path to becoming a full-time investor, purchasing your first investment property is a major undertaking. To help you make the most out of your investment, The Real Estate Think Tank has compiled some essential steps to follow when purchasing and managing your first investment property. 

Real Estate Is Power

Lost in all the talk about real estate markets and real estate wealth generation is one key fact—real estate ownership is one of the surest ways to consolidate influence and power. If you don’t think this is true, simply look up the largest land owners in each major US city and follow the trail of their political contributions and donations. Large land owners can exert a tremendous amount of influence on neighborhoods and local laws. One very public example of this is Dan Gilbert, whose mortgage and real estate empire influences the entire Midwest, but also Detroit and Cleveland in particular. Even former president Trump, who has a less than stellar reputation in the New York real estate market, was able to parlay a real estate empire into a presidency.