Useful Resources for First-Time Real Estate Investors
Updated: Dec 30, 2020
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Buying a rental property is a great way to earn passive income each month. If the property’s value appreciates over time, it can prove to be a worthwhile long-term investment. Investing in rental properties also requires considerable amounts of time, work, and money. From preparing to purchase your first rental property to keeping it well-maintained, here are some useful resources for first time real estate investors.
Before You Buy
If you’re thinking about purchasing a rental property, there’s a lot to consider including what type of property you can afford.
Making the Purchase
Once you’ve got your finances in order, it’s time to begin your search and review loan options.
Before You Market
Once you’ve purchased your rental property, you’ll need to effectively market it to potential tenants.
Upkeeping the Property
Once you have tenants, you’ll need to maintain the property.
Whether you’re aiming to purchase a residential or vacation rental property, it’s important to know what you’re getting into. Learn what you can about the steps involved in the process — from determining whether you want to be a landlord to choosing the right property to marketing and managing the property. The more prepared you are, the more likely you will be to succeed.
For a free property analysis and rent estimate, contact Tverdov Housing by calling (732) 344-0701 or complete this form.
Article written by Katie Conroy