If you've been a home builder or remodeler for five or 10 years, chances are you have enough experience to spot a good price on a residential investment property. You also probably have the skills to evaluate the property's condition and to estimate the costs of any needed upgrades. Perhaps you've even been hired to renovate a building that someone purchased for investment.

As a builder, your skills and experience make you better prepared to invest in residential real estate than 95 percent of the population. This article will show you how to get started at a level and pace you're comfortable with, and will outline other skills you may need to develop.

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