Buying First Investment Property <Web>

You can change the flooring, but you can’t change the neighborhood. Look for "The Sweet Spot": Are companies moving to the area?

Do houses stay on the market for 5 days or 50? buying first investment property

Even if you DIY it now, budget for a pro (usually 8-10% of rent) so your business model is scalable. You can change the flooring, but you can’t

So, you’ve decided to become a real estate mogul. Or, at the very least, you’ve decided that "future you" deserves some passive income. Buying your first investment property is one of the most reliable ways to build wealth, but it requires a different mindset than buying a home to live in. Even if you DIY it now, budget for

The "Capex." Roofs leak and water heaters die. Set aside 10-15% of your monthly rent for the inevitable.