Buying your first investment property is a big step in real estate. There's so much to think about...
➡ Location, Location, Location.
➡Down Payment Differences. You will typically need to put down at least 15% to 20%.
➡ Fixed and Variable Expenses. Property taxes, homeowner's insurance, property management expenses, HOA fees, and general upkeep costs.
➡ Property management. Whether you choose to serve as a landlord, or pay a management company to do it.
➡ The risks. The local market economy may change, property taxes can increase, bad tenants, repair costs, etc.
If you're not sure how to navigate buying a worthwhile investment property, feel free to reach out with any questions.