You've found the perfect home, and you are excited about the opportunities that it provides. You talk to your real estate agent and find yourself in a homeowners association. What does that mean, you wonder, to your ability to buy the home of your dreams? Homeowners associations are legally recognized entities that have some level of ruling over the associated area. In short, to buy a home here, you need to agree to the terms of that association.

The reasoning behind a homeowners association is to provide some level of control over the surrounding area. That is, you don't have to worry about purchasing a home and then having a neighbor next to you that doesn't take care of his or her property. These associations can take legal steps to force people into…

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saving_bank_400Buying a home as a real estate investment is not the same thing as buying a home to be your home.  You will be looking for different things as an investor than you would be as someone seeking their dream home.  This change of perspective is essential if you want your investment home to turn out to be everything you'd hoped for.

Identify What You Want

First of all, what are you hoping to get out of your investment home?  What type of profit are you looking for?  How soon are you hoping to get it?  These are the types of questions that you need to be asking so that you can target your search for this home appropriately.  You don't want to go in with the vague idea of wanting a real estate investment because then you could end up with the type of…

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