There are several things to consider once you have made the decision to invest in real estate. The most important thing you can do is find a real estate agent that know about investing. Most Realtors who do not deal in investment property think that if the rent is more than the payment it is a good deal. Not True! There are many factors to consider when looking at an investment property on paper. First is your payment. If you are financing you will have a payment. Then add in you taxes and insurance. Most commercial loans do not escrow these. Maintenance cost are another biggy. If the property is not new you will have maintenance. Even if they are new you will have to keep the yard up, you will have to change air filters in ac units (renters never do this so you have to), you have to spray for pests so there are lots of things to think about. You may also want to hire a management company. Rentals can be very labor intensive. So give thought to all these and find a realtor knows what they are doing when it comes to investment property.
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