Many investors are intrigued with the idea of owning rental property. The stories of successful investors who quit their dayjob, retire early, and live off rental income is enticing.

Yet for those getting started on becoming a rental property investor, a big decision you will need to make is if you manage your properties yourself or hire a property manager. If you work a 9 to 5 job, you may not have the time or bandwidth to show your home, run background checks, collect rent, and oversee maintenance. Yet, hiring a property manager will eat into your cash flow.

In markets where home prices are at all-time highs, real estate investors have two options: stay on the sidelines or get creative. In this post, I will share one of my experiences purchasing a home in a hot market, adding value by adding a third bedroom, and immediately forcing appreciation and justifying a rent premium. 

Many investors are intrigued with the idea of owning rental property. The stories of successful investors who quit their dayjob, retire early, and live off rental income is enticing.

Yet for those getting started on becoming a rental property investor, a big decision you will need to make is if you manage your properties yourself or hire a property manager. If you work a 9 to 5 job, you may not have the time or bandwidth to show your home, run background checks, collect rent, and oversee maintenance. Yet, hiring a property manager will eat into your cash flow.

It seems that no matter what type of economy you’re in, there’s always stiff competition to get your offer accepted on that home you want. Prospective home buyers come in all shapes and sizes, and if the home is eye catching to you, it’s likely eye catching to tens or hundreds of other buyers. So how do you make sure your offer stands out from the crowd and that your offer gets accepted?

While real estate investors are aware of the tax advantages, an inexperienced investor may not be aware of the intricacies and how they play out in real-life. One wrong move and you can be on the hook for more than you expect, diminishing your returns and lessening the cash on hand to invest.

My first-hand experience with developing a land investment that I purchased and the three issues I faced when attempting to develop.

With interest rates at an all-time low, we are seeing several prospective first-time home buyers entering the market. 

Investing in land can be challenging, but rewarding. These three strategies will ensure you come out profitable.