Can you buy a house for rent in the same way you buy an apartment building? This is a question I
receive a lot when a client asks me to help them to find their first rental property. Hello everyone, I am
Sherri Echols with RE/MAX Bryan – College Station. Defining your personal criteria for real estate purchases is a vital step in successful real estate investing.
It is important you start asking yourself this kind of questions before
jumping to buy a property:
What is your Real estate investment strategy: Buy and Hold? house flipping? or wholesaling?
Your goal
cash-on-cash returns, this is the level of return/cashflow you want to achieve with your investment.
Your budget may be surprisingly difficult to define.
Property size like single family,
townhouse, condominium, fourplex, multifamily etc .
Desired property characteristics are the
property-specific characteristics that you can give to your Realtor at the beginning.
The process of buying your first rental could be enjoyable or a nightmare if you don’t know what you are looking for, a lot of people start looking for something that they do not know.
Give me a call and let’s talk about your goals. Don’t worry, there is never any pressure or obligation to meet with us, We are only here to help you find the best strategy when it comes to buying and selling. I hope to hear from you soon. I’m your Community Market Leader Sherri Echols, a helping hand for a happy home.
