The below topics are discussed in much more depth
First, determine your goals or needs :
Monthly cash flow?
Resale for quick profit?
Long term appreciation?
Pride of Ownership
When investors decide to acquire rental properties, they must first decide what they want to accomplish, and over what period of time. The same criteria that is used in any sound investment strategy or financial plan should be used in the rental housing business.
The guest areas of the RHOL site contain an good overview of the kinds of information you should know before buying income producing investment real estate. There is much more comprehensive and in-depth information on the subject in the various RHOL Webs The following topics are among those available from the RHOL members' Buying Income Property page. You will get a good elementary education in this part of the site as we analyze many of the factors prospective landlords and investors must consider before making an income property purchase. They include the following pages:
If you take the time and effort to read or review the pages linked above you will learn more than most real estate investors ever know before they make their first purchase. It is the kind of information experienced investors usually manage to learn eventually -- but the hard and expensive way.
Members may also want to take some of the eCourses offered by our CornerStone Electronic University . These eCourses cover subjects in a more regimented and detailed manner.
The above topics are discussed in much more depth