Set aside 40% of your rental income for taxes, insurance, repairs, and vacancies. If you don't account for a broken water heater now, it’ll haunt you later. 2. Location vs. Luxury
Before browsing listings, you need to understand the "1% Rule." Generally, a property should rent for at least to be profitable. how to buy a rental home
Real estate is a team sport. Before you close, you need these four people in your contact list: Set aside 40% of your rental income for
You might love a quiet cul-de-sac, but renters might prefer being within walking distance of a train station or a popular coffee shop. Location vs
Even if you plan to DIY, talk to one to see what the local market actually demands. 4. The "Stress Test"
Someone who understands "Cap Rates" and "ROI," not just granite countertops.
Look for 3-bedroom, 2-bathroom single-family homes. They are the most liquid assets and attract stable, long-term tenants.