Remember if you are buying as a property investment you will make your profit when you buy. Never make a purchase until you’ve carefully determined exactly how you will get to your profit. This is why so many investors continue to use property auctions to increase their portfolios.

If you hold it as a long term investment will the monthly rental income more than cover the monthly mortgage payment? Will you sell the deal to another investor for fast cash? Will you do some fix-up and sell the property for full value? Will you quickly trade it for a more desirable property? Have a plan before you buy. Remember you are buy to invest in not to live in.

There you have four steps that even a part-time investor can execute in three to four hours per week. What’s the missing ingredient? Your determination and perseverance. If you will unfailingly follow the plan for a few months you will be well on your way to financial independence.