rental property

October 24, 2017

What to Look for When Buying a House as an Investment Rental: It’s a time and money investment

Buying a home as an investment, and becoming a landlord, can seem like an easy way to rake in some extra money, but it’s still an investment of your time and money. It’s important to be prepared and know what to expect. Know Your Limitations First and foremost: if you’re going to get a mortgage, make sure you can handle the monthly payments if the property is vacant. I’ve known too many people start to build a portfolio only to have sell their new property quickly when it goes a few months without a tenant. It’s great for me, but less-than-ideal for you. Also: remember that tenants can be demanding on getting things fixed quickly. If you don’t have spare […]