8 Important Things To Know Before Buying A Rental Property 

Buying your first investment property can seem daunting. However,  getting started in real estate investing can be a great way to move  forward in your path to financial freedom.

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

– Cashflow – Effective use of leverage – Appreciation – Potential Tax Benefits

Pros

– Not hands off – Low Liquidity – Could lose value

Cons

Many investment styles can work. Real estate investing is not a one size fits all sort of process. It is crucial to figure out your preferred investing model, define what property fits this model, and find a property that fits these criteria.

How To Pick A Property

Cashflow Focused Buy and Hold- Buying a property that is rent ready or  near rent ready with a focus on obtaining a good cash flow.

A few common strategies are:

Appreciation Focused Buy and Hold- Buying a property that is rent ready  or near rent ready with a focus on being in an area with solid  appreciation potential.

A few common strategies are:

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