PURCHASE A RENTAL PROPERTY
Another option for real estate investors is to purchase a rental property. Purchasing a rental property can provide you with an ongoing stream of income, as well as the potential for long-term appreciation in value. When buying a rental property, you must consider all the same factors as when flipping a property, such as purchasing in the right location and securing financing or personal savings. You will also need to factor in the cost of repairs, taxes, insurance, and other necessary expenses that come with buying a property. In addition to these costs, you must also be prepared for ongoing maintenance costs associated with owning and operating a rental property. It is important to understand how much money you are likely to make from renting out your investment before taking the next step. Contact us to learn more.