Real estate investment can offer high annual return-on-investment for individuals or firms willing to assume risk. Only professional investors with substantial net worth should consider highly leveraged property acquisition. Leverage involves the use of a higher than normal portion of borrowed funds to investor equity. For example, some investors borrow one hundred percent of the property’s purchase price. Market Evaluation Many investors obtain a realtor license in order to evaluate new commercial or residential properties on the market. With cash in hand and/or lender relationships in place, the investor looks for properties selling well below the market value. Renovation Costs When investors buy properties below market, it’s almost certain that…