Protecting your cash when investing in inexpensive real estate will ensure you have the financial backing to invest for decades to come. Depending on your market, there may still be a number of affordable properties in up-and-coming neighborhoods that are investment gold.
Whether you prefer to buy, renovate and keep the properties for rental income, or flip the property for a profit, you need to protect your investment throughout the process. Don’t skip initial steps of the project – like securing title insurance – because the price is lower than other investment properties you’ve purchased. It’s possible to make a large profit from properties under $100K, but you’ll need to use these tips to guard your money.