Nov 16, 2022
What Am I Looking for in My First Investment Property?
When you first start investing in real estate, your mind is probably swimming with ideas about what types of properties you want to buy. After all, not all investment properties are created equal. Some will return more cash for your time and money than others. This can be a daunting experience. With so many things to consider, it can feel like you’re never really sure if it’s the right move for you. But don’t let that stop you! The key is figuring out what you need as an investor and then finding properties that fit within your budget and are located in neighborhoods that will give you the best chance at making a profit down the road.
Real estate investing has a lot of intricacies that most people don’t know about. Fortunately, investing in real estate doesn’t have to be complicated or overwhelming. You just need to know what you’re looking for before you buy.
“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.“
Theodore Roosevelt- US President
5 Things to Look for In Every Potential Investment
Buying your first investment property can be scary, exciting, and overwhelming all at the same time. It’s a lot to take in, so let’s break it down into bite-size chunks. Here are five key things to look for when investing in real estate as an individual or as part of a syndicate.
- Know What You’re Looking For
- Sum up the Good & Bad
- Check the Numbers
- Don’t Forget to Walk Through
- Decide If You Can Rehab It or Not
Real estate investing is not for everyone, however, if you do have the right mindset and are willing to put in the time, then it can be one of the best ways to grow your net worth over time.
Kristen Burg
A Kansas City native, married, mother of two, and the office manager for Turnkey Property USA. Specializing in social media marketing, website design, CRM development, human resources and customer service. Loves live music, the food scene and traveling with family and friends.
A Kansas City native, married, mother of two, and the office manager for Turnkey Property USA. Specializing in social media marketing, website design, CRM development, human resources and customer service. Loves live music, the food scene and traveling with family and friends.
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