You'll find that many people in real estate would like to start investing at some point. What's holding them back? For some, it's money. For some, it's time. For some, it's that they haven't developed a strategy to know when to jump in or how.
Here are some key considerations when thinking about investment properties.
1) What Is Your Buy Box?
To start, consider what you want to invest in. This can evolve over time, yet it's important to gain some clarity so you know when to jump in the pond.
What type's of properties are you interested in? It could be single-family homes, it could be duplexes, townhomes, condos, etc. Each of these come with different costs, potential maintenance issues, etc. that you'll want to think about. Who is going to mow the yard? Shovel the snow? Are you going to do it? Are you going to ask the tenant to do it? Are you going to hire it out? If your property is part of an association, chances are that some of these items are taken...