There are many ways to make money in real estate. There are also many ways to lose money in real estate. This article will focus on buying residential properties, either to do what is referred to as a “fix and flip” or to keep as a rental property. I will try to present a quick overview of the process with some do’s, some don’ts, and some nevers.

Investing in real estate is like following a recipe to make a cake. Find the ingredients, follow instructions, and pray that it comes out good. Just as with making a cake, if you use