8 Things You Need to Know Before Buying Your 1st Rental Property

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However, getting started in real estate investing can be a great way to move forward in your path to financial freedom.

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Real estate investing can provide its owners with anything between a little extra cash flow, or a safety cushion of equity.

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There are a few things I wish I knew when I invested in my first rental property.

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Single-family vs. Multi-family

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One advantage of investing in a single-family property is multiple exit strategies. You can sell it to another investor rent-ready.

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How To Pick A Property

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A few common strategies are:

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8 Things You Need to Know Before Buying Your 1st Rental Property

However, getting started in real estate investing can be a great way to move forward in your path to financial freedom.

Buying your first investment property can seem daunting.

Real estate investing can provide its owners with anything between a little extra cash flow, or a safety cushion of equity.

But, of course, it all depends on your goals, how you structure them, and what you put into them.

There are a few things I wish I knew when I invested in my first rental property.

Real estate investing is not for everyone, and there are some pros and cons to investing in real estate.

Single-family vs. Multi-family

When deciding on your investment strategy for your first property, you will have to choose between buying a single-family or a multi-family building.

One advantage of investing in a single-family property is multiple exit strategies. You can sell it to another investor rent-ready.

Multi-family apartments typically get built from the ground up. That makes them great to operate as rental properties.

How To Pick A Property

It is crucial to figure out your preferred investing model, define what property fits this model, and find a property that fits these criteria.

A few common strategies are:

Cashflow Focused

Appreciation Focused

BRRRR Method

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