Venturing into real estate investing can often be overwhelming. This page offers tips and advice on how to get started and what to watch out for.
Personal Financial Planning Tips : How to Buy Your First Investment Property
When buying your first investment property, something to think about is the possibility of being a property manager or maybe hiring one if being a landlord is not appealing. Research is crucial when buying investment property, so learn what to look for when buying land with tips from a financial planner in free personal-finance video.
Introduction
Buying your first investment property is a huge decision. You have many things to consider including tenants, location, financing and more. If you're serious about making the jump, the first step is to surround yourself with the right people. You'll need a good lawyer, accountant, and book keeper if you don't plan on keeping the books yourself.
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References
Fast Facts
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Fact:
Work out the cash flow projections before you buy
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Fact:
Don't forget to allow for vacancies in your projections
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Fact:
Determine your target capitalization rate before you begin
