Investing in a rental property can be a great way to make cash flow from real estate. So how can you find you property and what are the steps to take?
Take the time to research different markets regardless of their proximity to you because affordability is an important criterion. It’s almost impossible to find positive cash flow properties in a high-cost market.
You should, therefore, look for a market where there is a high demand for rental properties.
Other factors that point to a good real estate market include population growth, economic growth, job growth, and low property taxes.
Then you should identify the best neighbourhood, and for that, you need to do a neighbourhood analysis over the whole areas of the city and identify the best neighbourhood for cash flow investment. Property prices and rental income vary from neighbourhood to another.
Then comes the Project choice, security, facilities and construction quality are principles factors. So, go for a Project that will attract people seeking for a secure and comfortable life.
Last Updated: 4/13/2020 3:24:37 PM