first-page
  • Jitu Property
  • 16 Agustus 2019
  • 411

5 Tips for a Low Stress First Rental Property Investment

You don’t have to be the investor in the photo. Sure, doing anything for the first time can be a little stressful. And, it’s definitely a major investment to buy your first rental home. But, you really can make it happen without going into stress overload. Here are my top 5 tips to enjoy a successful and low stress first rental property investment.

Advice is OK, but Do Your Own Research

Take courses, read investment books, go to a seminar, or any other learning process that helps you to gain confidence to make decisions. I suggest that any books, courses or seminars be about how to select locations, value properties and evaluate the rental market. Your success will be based on your due diligence and most of all buying right in the right area.

Your first rental property investment is best done in your area of residence, where you know what’s going on economically. You want to know that the economy will support today’s decision into the future, as this isn’t a short term strategy. Understand who the major employers are, what drives people to move in or move away, and if things look good into the near future.

Iklan
Iklan

Dijual Unit LRT City Ciracas Tower Azure lantai 27 No. Unit 30 2 BR

Jl. Pengantin Ali , Jakarta Timur, DKI Jakarta

IDR 891 jt

Apartemen Strategis di LRT City Ciracas yang nempel dengan stasiun LRT Ciracas LRT City Ciracas Tower Azure lantai 27 No Unit 30 2...

Bisa Nego Dijual

Don’t Just Rely on Real Estate Agents

Sure, now and then you can work with a real estate agent who handles foreclosures and get a good deal. Remember though that these will be “listed” foreclosures on the MLS, Multiple Listing Service. You and all of your competitor investors have access to the same information, so competition will likely drive up your cost of acquisition.

If you do your own marketing and locate motivated sellers, you have a greater chance of negotiation a good deal. Another approach is to work with an experienced real estate wholesaler. They are investors too, but they are experts and finding great deals that they can flip to rental property buyers at a below-market value price. Just check their references out and be sure they do know what they’re doing.

 

Berita Terkait

Iklan
Iklan

Dijual Rumah di Spring Valley 3 Tipe C No. 22 Perumahan Sentul City

Spring Valley 3 No. 22

946,23 jt

Sentul City Perumahan Spring Valley Jl Spring Valley 3 No 22 Flat Posisi Std Luas Kavling 81 m2 Luas Bangunan 50 m2 Tipe Bangunan ...

Bisa Nego Dijual
Iklan
Iklan

Dijual Rumah di Spring Valley 3 Tipe C No. 16 Perumahan Sentul City

Spring Valley 3 No. 16

935,73 jt

Sentul City Perumahan Spring Valley Jl Spring Valley 3 No 16 Flat Posisi Std Luas Kavling 81 m2 Luas Bangunan 50 m2 Tipe Bangunan ...

Bisa Nego Dijual
Iklan
Iklan

Dijual Rumah di Sentul City Tipe B No. 21 Perumahan Spring Valley

Spring Valley 3 No. 21

727,18 jt

Sentul City Perumahan Spring Valley Jl Spring Valley 3 No 21 Posisi Std Luas Kavling 141 m2 Luas Bangunan 37 m2 Tipe Bangunan B Se...

Bisa Nego Dijual