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If It's Called The Number One Rule, Location Might Be Important!
If It's Called The Number One Rule, Location Might Be Important!

I've got about two sentences to grab your attention, because this is the most over used phrase in real estate! Location, Location, Location....sounds familiar doesn't it?  As the last three to four years has developed a feeding frenzy in real estate, people often forget some of the most important considerations when buying high return real estate.  Certainly for a while it seems that the number one rule seemed to take a back seat to the #2 rule, Cash Flow Is King!
There is no question that buying a property for high returns that provides a 10-12% or higher return on your investment is wise, especially when you can't count on continual appreciation. While the cash flow that an investment property provides is crucial in analyzing a great deal, let us not forget that long after the market rebounds, there will always be really cheap properties in bad areas, as well as homes that are in need of major rehab!  This means that the Cash Flow Is King Rule, must always work in hand with Location, Location, Location.
The first reason for this is that the properties that are in ... more

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