5 Tips for Buying and Managing Your First Investment Property
By: Katie Conroy, Advicemine.com
Buying an investment property can be a fantastic way to build wealth. If you’re interested in investing in real estate, you might be excited about your financial prospects. But if you’re planning to purchase your first investment property and expand your real estate portfolio, there’s more to the process than simply handing over your down payment and collecting rent. Here are a few guidelines to help you find the right investment property, hire contractors for strategic renovations, and determine a reasonable rental price for your tenants.
Understand the Market
Before buying a property, you need to gain a thorough understanding of the real…