3 step rental property investing strategy

February 05, 2012  //  Posted by: cooldude  //  Category: Property Investments

Rental property is a very good investment decision and investment in this avenue can serve you a long time and generate lifelong results for you and your family. Rental property is a very good source of income in future years. Before you acquire a property it is important to chalk out a plan and formulate a strategy.

First target the area where you would like to hold the property. Get detailed information about the property available in that area and chalk out the type of property you would like to invest in. If you are a small time investor then you can go through the old 2-4 units multifamily properties from which you can derive comparatively higher rental income. The vital three steps of your investment strategy would be to:

  • Ascertain the time horizon and the objective.
  • Ascertain your preferred property type.
  • Ascertain your area of target.

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