8 Things You Need to Know When Buying an Investment Property Story

You’re thinking about diving in and buying an investment property. Congratulations! There are so many great things that can come from an investment like this. It’s exciting and nerve-wracking, to say the least.

Clear your mind, envision your new investment property, (manifesting) get clear on your goals and let’s dive in. Let’s take a look at 8 things you need to consider as you think about your first or next investment property.

Single-family vs. Multi-family

While many people see purchasing a single-family as a steppingstone into multi-family, that is not necessarily the case. If you want to focus on multi-family apartments, it is possible to start with them directly.

How To Pick A Property

A few common strategies are: Cashflow Focused Buy and Hold- Buying a property that is rent ready or near rent ready with a focus on obtaining a good cash flow.


Getting a loan on an investment property can be a bit different than a mortgage on your primary residence.


Note I did not say real estate agent here. When finding a primary residence, your search may begin and end with a real estate agent. However, when looking for an investment property, more options are to consider.

Property Manager

When purchasing your first investment property, deciding whether to hire a property manager or self-manage is a significant decision. There are pros and cons for both sides here. In the end, it will depend on how active of a role you want to play in managing your investment.


At the end of the year, you will have to file a tax return that includes the financials for your property. You will want to have a plan together to do this before tax time. Will you continue to file taxes the same way as before, or does the added complexity make you move to a more full-service offering?

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