BUYING A GREAT RENTAL PROPERTY (& Being Successful)
1) Fully understand what being an owner of rental property entails - spend a few hours reading over these: web-pages
2) Have a face-to-face meeting with Lenny to discuss things.
3) Buy in the right location... consider the type of tenants the area will attract.
4) Buy for the right price... consider condition - deferred maintenance.
5) Buy the right type of property.
6) Have a group of support specialists interviewed (attorney, accountant, asset attorney, plumbers... etc...)
7) Have the time and constitution to manage yourself... or interview and pick a great property manager.
8) Continue to educate yourself as a investment property owner.
2) Have a face-to-face meeting with Lenny to discuss things.
3) Buy in the right location... consider the type of tenants the area will attract.
4) Buy for the right price... consider condition - deferred maintenance.
5) Buy the right type of property.
6) Have a group of support specialists interviewed (attorney, accountant, asset attorney, plumbers... etc...)
7) Have the time and constitution to manage yourself... or interview and pick a great property manager.
8) Continue to educate yourself as a investment property owner.