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.
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
When deciding on your investment strategy for your first property, you will have to choose between buying a single-family residence (SFR) or a multi-family building.
How To Pick A Property
It is crucial to figure out your preferred investing model, define what property fits this model, and find a property that fits these criteria.
Loans
Getting a loan on an investment property can be a bit different than a mortgage on your primary residence.
Building your Team
Relationships with the people you will work with for investing in real estate should be more organic than this.