Lessons from Professor Real Estate

Lessons from Professor Real Estate

Due diligence is crucial when buying property, according to investing expert.

With interest rates rising, it’s time to remodel your house and sell, right? Not if you ask Leonard Baron, better known as “Professor Baron” to students, potential homeowners and wannabe real estate investors everywhere.

“Remodeling is a great thing to do as long as you’re going to own it and enjoy the improvements,” said Baron, who teaches people how to reduce risks when buying a house. “But it’s unlikely that on the improvements you do make that you’ll get more money out than what you put into it.”

Baron, who has purchased about 10 properties and turned them into rentals, took his experience and wrote “Real Estate Ownership and Due Diligence 101.” He now teaches this to students and potential investors at local colleges plus a class at the San Diego Association of Realtors.