When it comes to securing your retirement through rental properties it is best if you understand your criteria when buying income property. Today I sat down with a fellow realtor here in the Kansas City area and two investors that own one rental property with plans to add many more.
What I found is what I usually find. You see, I asked them what their criteria was for what they were looking to acquire. I’m not picking on them, I’m really truly not when I say they did what most newer real estate investors do… they went silent.
Those links above the picture are the links to a series of videos I did for real estate agents seeking to work with investors and for the investors themselves. Here are a few things you should know what you are looking for before going too deep in to your next investment property search;
- What return are you expecting?
- How do you measure the return?
- Single Family Home or Multi?
- Rehab or Turn-Key?
- Is the school district important?
I could add a whole bunch more. Or, you could watch those videos. Listen, I know the videos are boring. I don’t know how to make real estate investing more exciting unless I stand in front of a rented garage full of luxury sports cars and half dressed women. Oh wait, for the gurus out there I’m sorry (not) if I offended you.