There are a lot of numbers to crunch and variables to consider when buying an investment property,
but don't get intimidated. Here's what you need to focus on.
Today we're kicking off a four-part series on how to build wealth through investment properties. Unlike buying stock in a company, real estate is a tangible investment, the parameters of which you can more directly control. For example, you can decide that all of your buy-and-hold investments will be within a 15-minute drive of your house.
If you've been on the sidelines watching others buy and rent out properties with great success, what's holding you back from getting in on the action? Our no-nonsense discussion covers the very basics of where and how to get started.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
2:11 - The basic allure of real estate investment
4:16 - Buy-and-hold offers long-term security
7:39 - The 1% rule
10:25 - Should you self-manage or hire a property management company?
15:27 - A useful acronym to remember the most important elements of a buy-and-hold
18:55 - Know where you want to invest and why that area would suit your goals
20:45 - Wrapping things up: The need for patience and discipline
If you have any questions about what was discussed in this message, or if you're interested in buying or selling a home soon but aren't sure how to proceed in these times, reach out to us. We're always here to help, and we look forward to hearing from you.