Ready to Buy Your 1st Rental Property?  8 Things You Need to Know

Ready to Buy Your 1st Rental Property?  8 Things You Need to Know

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.

Pros

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

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

Cons

– Not hands off – Low Liquidity – Could lose value

– Not hands off – Low Liquidity – Could lose value

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.

Loans

Getting a loan on an investment property can be a bit different than a mortgage on your primary residence.

Building your Team

Relationships with the people you will work with for investing in real estate should be more organic than this. 

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