How to Evaluate Investment Properties for the Purpose of Renting Out to Tenants
Posted by Colleen Lane on
When purchasing real estate that you plan to live in, it is important to consider the way that real estate makes you feel. But to be a good investor, you must focus on the numbers and only purchase real estate that will make you money.
One way you might invest in real estate is to purchase it for the purpose of renting it out to tenants. Purchasing and renting out real estate this way can be a great way to build equity. Done well, it can also produce a monthly income. Done poorly, it can cost you a lot of money. The difference between success and failure is often just a matter of running the numbers to produce realistic expectations on the costs and benefits before purchasing real estate.
When evaluating a purchase, you need to look at a combination…
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