Beginners Guide to Buying Rental Properties (Formula for Buying Rentals)
Before getting into specific techniques, I’d like to re-emphasize that just like any other investment out there, if you don’t know what you’re doing, you will get burned and lose A LOT of money. I always recommend doing your homework and investing FIRST in your education.Here are a couple of things I do to get educated:Talk to other investors – make sure you are getting solid advice from people who have accomplished what you are trying to do, not from broke family members! You will be surprised by how many well-meaning people are eager to give you free advice on something they know NOTHING about.Read, Read, ReadI am a HUGE fan of reading. It’s advisable to read a variety of...