It is easy to be mesmerized by the success stories of real estate investors cashing in on  Atlanta investment property. Real estate investors claim to have climbed the ladder in as little as  a year by renting and selling properties. Are you also interested in real estate investing? Are you a novice? Are you scared to step in?

The good news is that when you run an online search, you will definitely come across many interesting and simple lists of rules, regulations and tips to invest successfully in Atlanta investment property.

From among the long lists, here a few tips to help you through your "novel" journey into real estate investment.



The journey

• Buying property: Post 2008 recession, many seasoned investors stepped out of investing in real estate, leaving room for newcomers. However, is it safe for newcomers to enter while the others are choosing the exit door? In the words of Warren Buffet, "Be fearful when others are greedy and greedy when others are fearful". In fact, it is the right time as property prices are still low.

In fact, some areas in the US are now witnessing a turnaround after the recent years of recession. These areas are enjoying a new housing demand and job growth. Real estate investment will definitely have good returns in such areas. Just remember to do your research before choosing an area to start investing in.  One phrase has never lost truth in its claim.  Successful real estate investment is "Location, Location, and Location".  

• Add real estate investors to your friend's list: Keep in touch with real estate investors. Ask them to keep you up to date with the current trending areas and add you to their hot list when they come a cross a smart buy.  Seek advice from real estate professionals. Their experience, knowledge and expertise can be of significant help.
• Gain knowledge on tax laws: It is essential to possess thorough knowledge about the tax laws related to real estate investment. Be aware of state, county and city tax laws. The tax laws may also differ depending on the type of property. For successful real estate investing, understand the inter-relation between rental income and tax norms.
• Is it profitable? Unlike regular real estate investment, foreclosure investment profit is not a simple math of sale price minus purchase price. Here, the purchase price includes the  cost of repairs, typically these  properties need extensive repairs. Hire a professional to assess and evaluate the estimated sale price, repairs cost and profits. This will help you understand if the deal is profitable or not.
• Buy with your brain, not heart: You must be getting the best deal on a well-designed and beautiful property. However, you may also have to use equally expensive materials and décor to restore the property. Will the costs be feasible? Will your repairs cost  eat into the expected profits? Think, plan, calculate and then execute.
• See it as a  business deal:  You may be entering real estate investment with a vision to make a promising investment and earn profits. However, the key to success is to treat it like a business dea. Keep it organized and well planned. Take the assistance of professional accountants, lawyers and other professionals.

Ultimately, the key to successful real estate investment is patience and research.