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Buying Your First Rental Property

We found this article on Investopedia that we have to share: https://www.investopedia.com/articles/investing/090815/buying-your-first-investment-property-top-10-tips.asp

Investing in real estate has produced some of the world’s wealthiest people, so there are plenty of reasons to think that buying property is a good investment.

However, the reality is different. Make sure you think ahead, before you cannot go back.

Here are 10 Tips that Investopedia has for you to think about.

  1. Make Sure It’s for You
  2. Pay Down Debt First
  3. Get the Down Payment
  4. Beware of Higher Interest Rates
  5. Calculate Your Margins
  6. Don’t Buy a Fixer-Upper
  7. Calculate Operating Expenses
  8. Determine Your Return
  9. Get a Low-Cost Home
  10. Find the Right Location

Learn more to read the full article here: https://www.investopedia.com/articles/investing/090815/buying-your-first-investment-property-top-10-tips.asp

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