If you’re considering making an investment in the rental property market, you might be unsure of where to begin.
You likely have a bright outlook for your new investment property, like many first-time investors do: dependable tenants, passive income, and eventually financial freedom. You can obtain financial freedom by doing the homework and working hard up front. You are now ready to purchase your first property and begin your real estate investing career. The previous study you conduct could assist you in avoiding a mistake that might cost you your investment. Here’s how to begin investing in rental property:
- Deciding between a residential and commercial property
- Assessing property value
- Following the 1% rule
- Financing your property
- Legal checklist