Ready to Buy Your 1st Rental Property?
8 Things You Need to Know
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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.
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But, of course, it all depends on your goals,
how you structure them, and what you put into them.
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However, real estate investing is not for everyone, and there are some pros and cons to investing in real estate.
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Pros
Cashflow
Effective use of leverage
Appreciation
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Cons
Not hands off
Low Liquidity
Could lose value
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While many people see purchasing a single-family as a steppingstone into multi-family, that is not necessarily the case.
Single-family vs. Multi-family
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Multi-family apartments typically get built from the ground up.
One advantage of investing in a single-family property is multiple exit strategies.
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