Podcast: Download (Duration: 47:35 — 43.7MB)
One of the most difficult things about buying a rental property investment is to avoid getting emotionally involved. In a hot real estate market, it’s easy to make the wrong decision when other home buyers are lined up ready to make an offer.
Look at historical data first
Dig deep into your target market and neighborhood
Use multiple sources to gather unbiased data
1. Research neighborhood quality and amenities
County assessor websites and Street View by Google Maps are excellent tools to use to research and narrow down potential property purchases without ever leaving your office. If the house backs to a garbage dump or major highway you can simply delete the property from your list and move on to the next one.
2. Obtain property value estimates for the area
Dive into the episode to learn more!