Hello Friend,
I hope you are doing well.
Today I have a special treat for you.
I am going to share with you 5 Helpful Resources.
These resources are going to be extremely helpful to you if you are interested in purchasing your first rental property.
Here they are:
In an article titled, “Investing In A Rental Property: The pros and cons”, the author highlights 3 key disadvantages about buying a rental property. Believe it or not, there are indeed disadvantages to buying a rental property. To learn about them more, click here:
Investing In A Rental Property: The Pros and Cons
2) Rent Smart Blog By Margot Bai
In this blog, Margot writes about ‘being your own property manager’. I am a big fan of her comment. She also says in her article, “Once you have a paid off-property providing a steady income stream, your best play is to simply hold on to the property as long as you are able to take care of the home and your tenants.” She has some very wise words in this short article. To read the entire article, click here:
3) MoneyCrashers Blog
In an article titled, “8 Issues With Buying Rental Property and Becoming a Landlord”, Angela talks about ‘surviving evictions’. I could tell by reading the article that she has been through the eviction process before. Keep in mind that the eviction process will vary depending upon where you live (Country, State, Province, Territory, etc). To read about a general overview of eviction process, in addition to a few other issues with buying rental property, click here:
8 Issues With Buying Rental Property and Becoming a Landlord
In an article titled, “How to Buy a Rental Property”, Charlotte writes about some of the lending requirements that you need to abide by. The lending requirements talked about are Canadian guidelines, however, there are general commonalities with the lending requirements whether you live in The United States, Canada, United Kingdom, or any other country. Charlotte also makes a distinction with the lending guidelines for salaried individuals versus self employed individuals. To read the article, click here:
There is some really good advice in the article that FrugalTrader wrote, titled, “Criteria For Purchasing Rental Property”. The first point that he states is, “The property must be cash flow positive.” This is good advice. He goes on to explain why the property should be cash flow positive and how to calculate the cash flow on a property. To read the entire article, click here:
Criteria For Purchasing Rental Property
So there you have it! 5 helpful resources for new real estate investors. Make sure you read all 5 of these articles as they all contain very helpful advice if you are trying to buy your first rental property.
Happy Investing!
Neil Uttamsingh
ps: Subscribe now to the First Rental Property newsletter by entering your email address and name into the top right hand corner of the blog. Once you do this, you will start to receive tips and tricks from experienced real estate investors on how to buy your first rental property. The best part is that all this information is for, you guessed it….. FREE !!! Subscribe now.
