Single Unit Houses continued

Buying and managing a single unit house has another advantage: the business can be done in one's spare time. Research can be performed on the internet and properties can be viewed on your schedule when you have time. Real estate brokers and home owners are very active on weekends showing properties through open houses.

The beginning investor will need a few things:
A desire to succeed as a real estate investor
A decent credit rating
Sufficient income to qualify for a mortgage
An attorney and insurance agent
Basic knowledge of:
   building systems: electrical, plumbing, heating, roofing, foundations,
              structure, windows,  
    repairs and construction methods
    mortgages
    legal concepts
    government regulations
    marketing to renters
    tenant relations
    ability to do some repairs oneself
    ability to work with and deal with contractors
I emphasize basic knowledge. This basic information can be found in books, magazines, television shows and the internet.