Probably one of the most common method of commercial property investment is the buy and hold strategy. But, having a great kitchen and a remodeled bathroom is not. You will be able to gauge the amount he or she will be pocketing after the deal.Do they know something about creating real estate wealth fast that you don't? Are they smarter than you? Do they have contacts that you don't? Do they have some kind of real estate wealth crystal ball?The first thing to look into is the agent's background. A lot of time people get so caught up with the properties they are working with that they forget to ask their agent questions about themselves. How long has the agent been in business? Why do they sell real estate? Are they truly familiar with the area you are looking at? These are just a few questions to ask. Let's be honest, anyone can get a real estate license these days. It takes no college education and doesn't even cost that much money to get certified. Buying or selling a home is a mile marker in life and one that needs the best possible knowledgeable advice and representation. This brings us to the next crucial aspect of finding the right agent.Investing in real property however does not end with the purchase of the property alone. In fact, real estate investing also includes the ownership and management of the property, whether you decide to rent it out or resell it at a profit. As with any type of investment, investing in real estate will involve a bit of business acumen on your part. To begin with, you can't just buy any property that suits your fancy. You have to be able to zero in on a property that has potential to become profitable in the next few years.It costs a sizable sum of money to become a realtor. You are required to pay anything between $1000-$2000 for relevant licensing classes and a real estate exam. This depends on your location or where you reside. Every province decides on the qualifications required for licensing. However, a general rule is that you must be at least 18 years old and not be in trouble with the law.So I grabbed the deal and looked for a tenant so I could sub-lease the property to earn profits. This property was located in a prime area and was valued at $45,000. I thought that if I was paying for the place at $300 every month, I can find a good tenant who can rent it from me for more.Professionals in the real estate industry can often recommend the right agent. Ask home inspectors, mortgage brokers or even other real estate agents for their recommendations. Most people in the industry know each other and a real estate agent's reputation will be known to them even if it's not known to the public.As you learn more and more about real estate investing, you find there are more and more myths. Share them with others who are entering or contemplating entering this arena. It is both fun and profitable. Nobody should deny themselves this opportunity nor fail simply because of misinformation.You need to know that you can afford the property before you purchase it. This is when checks are transferred and mortgages paid off. Reactive approach as new listing trickle on to MLS. Because a property is cheap does not mean it's a good deal.