So You Want To Be A Real Estate Investor? - Part 2

Real Estate Agent with Keller Williams Capital Partners Realty

In my last post I discussed the ins and outs of investing in real estate by renovating and re-selling properties to realize a short term profit.  Today let's look at the concept of investing in rental properties as a longer term strategy.

In recent years, many a client has come to me considering this avenue.  Ups and downs in the stock market, high housing inventory and low interest rates can make income producing properties a good option.  If you are considering the purchase of rental property, here are a few things to consider.

  1. How much money do you have to invest?
  2. What are your objectives? (i.e. long term equity growth, short term cash flow, etc.)
  3. Will you self manage the property or properties?
  4. What are the tax ramifications of your strategy?
  5. Is your spouse or partner on board with the plan?

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