A lot of people think about buying investment property in places where they want to retire someday. But should you buy the unit you want to retire in? Or should you buy something else that has better investment fundamentals (like positive cash flow) and convert it to your dream retirement home later? Greg Rand (@gsrand), CEO of OwnAmerica (http://ownamerica.com), takes calls from two investors; one who did this wrong and one who has a chance to do it right.
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Greg Rand is the CEO of OwnAmerica, a company dedicated to teaching real estate professionals and consumers how to build wealth in American housing. “Rand on Real Estate” is a weekly video series where Rand offers his expert insights into how to grow wealth in the current real estate market. OwnAmerica also offers a Web-based certification course for real estate agents who want to capture the residential investor market. Learn more about the course, “OwnAmerica Real Estate Investment Certification Program,” (OICP) by visiting OwnAmerica.com for details.