Investing in rental properties can make you a lot of money in the long run - but only if you do it right! Here are some of the biggest mistakes you can make when starting the journey into buying rental properties.
1. Not getting a home inspection before you buy
A home might look perfectly ok to the untrained eye, but don’t forget that your investment isn’t just those four walls. It’s the plumbing, electrical, foundation and other important elements that you need to get a professional to assess before you commit.
2. Not properly calculating to cost vs. revenue
A deal may seem incredible, and you feel like you need to jump on it. We get it. BUT don’t do yourself a disservice and sign on the dotted line without doing your homework. You need a…