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Financial Considerations and Potential Returns
Before diving into real estate investments, it's crucial to understand the financial landscape. Initial costs can vary significantly depending on the location and type of property. For instance, down payments typically range from 3% to 20% of the property's value2. Additionally, ongoing expenses such as property taxes, maintenance, and insurance must be factored into your investment strategy.
Despite these costs, the potential returns can be substantial. The average annual return on residential real estate investments has historically ranged from 8% to 12%3. By carefully selecting properties and employing effective management strategies, investors can achieve even higher returns.