If you are just beginning to build your real estate portfolio, it is important that you understand the choices you need to make now that will have an effect on your flexibility later.

Be sure to ask yourself these questions before beginning your real estate investing and foreclosure portfolio. If you already have investment properties, you should still ask yourself these questions. Write your answers down and refer to this list before making any decisions with regard to purchasing your next foreclosure home. Do not be afraid to reassess your goals to be sure that you current actions are still in track with your long-term real estate investing goals.