Real Estate Investing Tips for Beginners

Property investing can be a great way to build your investment portfolio, but beware, buying an investment property is hardly passive income and is far more work than most side hustles.

Finding the Right Property Is Hard

Keep in mind, you may not find the perfect property but wait for one that’s suitable for you. The search can be long and hard. Don’t buy something in haste just because you want in the game – have a plan.

Location, Location, Location

Location is important because it will determine the “desirability factor” of your rental. A more coveted area will likely increase the ability to quickly find tenants.

How Much is Needed to Invest?

A lot of non-investors think a large amount of money is required to get started. The truth is, you can begin investing with very little money

Finding Tenants Is Stressful

Because of all the competition, instead of raising rent each year (as initially planned), in the end, I lowered the rent just to get anyone in there. This was always a painful choice because it ultimately meant a lower cash flow.

Tenants Are Frustrating

Most tenants aren’t willing to spend their own money on your property. Sure – there will be a lot of suggestions in terms of repairs and upgrades but on your dime.

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