Working with a real estate professional can provide you with the experience and expertise needed to successfully build your real estate investment portfolio.
It’s important to find a realtor who understands your needs and desired outcomes. As an investor, you want your real estate agent to identify properties that will give you the best return on your investment, whether you’re looking to flip a home or turn it into a rental property.
Here are some tips for finding the best realtor to help you meet your investment goals.
Owning rental property is a time-tested way for investors to consistently earn passive income. For most first-time investors, that means buying a single- or multi-family home and charging tenants a monthly rent.
But owning a rental property involves more than finding a tenant and cashing a rent check every month. Landlords have responsibilities and legal obligations you must follow. You also want to make a smart purchase from the start that will give you the best return on your investment.
Here’s a quick guide to buying a rental property as a first-time rental property investor.