Focus on the (your annual return) and Cash Flow (what’s left after the mortgage and expenses are paid). If the math doesn’t work, walk away. There will always be another house. 2. Location is Your Best Employee
Think transit, grocery stores, and coffee shops. Tenants love convenience. 3. Account for the "Ghost Costs" buying first investment property
The "Capex." Roofs leak and water heaters die. Set aside 10-15% of your monthly rent for the inevitable. Focus on the (your annual return) and Cash
You can change the flooring, but you can’t change the neighborhood. Look for "The Sweet Spot": Are companies moving to the area? For financial advice
When you’re buying a home, you care about the kitchen tile. When you’re buying an investment, you care about the . 1. The Golden Rule: Emotions Out, Math In
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The mortgage is only part of the story. Newbie investors often get burned by forgetting: