Are you considering investing in real estate, but not sure where to start? Here are my three steps for evaluating any potential investment property:
Location: This is key! I look at the overall econo... View MoreAre you considering investing in real estate, but not sure where to start? Here are my three steps for evaluating any potential investment property:
Location: This is key! I look at the overall economic feel of the area, as well as the jobs and crime rates. Is it a vibrant place that's on the rise, or is it declining?
Cash flow: I want to make sure the property is generating positive cash flow now, not just based on projections. I look at actual rent payments, tax and insurance costs, and other expenses to get a clear picture of the property's financial performance.
Headache factor: I want to avoid properties that will cause me stress and headaches. I thoroughly investigate and do my due diligence to ensure that the property is a good fit for my portfolio and will bring value both in terms of income and potential appreciation.
#realestate #investing #propertyevaluation #location #cashflow #due diligence #finance
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