January 19 2021 0Comment

18 Resources to Help You Purchase a Profitable Rental Property

Buying a rental property is an exciting investment, but it can also be a little scary—especially if this is your first introduction to real estate investing. Like any business, renting out a home comes with its share of risks. Whether or not your rental will be profitable is dependent on numerous factors, from the location of your rental down to the specific amenities available in the home. To find the perfect rental property and increase your chances of success, CoPro Home Inspection invites you to check out the following resources!

 

Financial Preparations

Buying a rental property comes with many hidden costs that you need to be prepared for before making a down payment.

5 Tips For Financing Investment Property

8 Costs to Consider When Buying A Rental Property

How To Get A Mortgage For A Rental Property
Should You Renovate Your Rental Property?
Making Home Accessible: Home Modification for Disability

 

Location Considerations

When determining the best location for your rental property, you must consider your goals carefully.

Key Factors to Finding the Perfect Rental Property Neighborhood

What Are the 5 Drivers of Rental Demand?

Local Vs. Long Distance: How Close Should You Live to Your Properties as a Landlord?

Prepare for the Business Side

When setting up a rental investment property, there are legal details you’ll want to carefully assess.

Top Advantages of Using LLCs for Rental Properties
Tips for Registering a Colorado LLC Online
Real Estate 101: How Rental Properties are Taxed

State-by-State Short Term Rental Regulations

 

Assembling Your Team

Buying and managing a rental property requires the help of many different professionals, so take the time to find the right people for your team.

What to Look for in an Investment Real Estate Agent

Work With CoPro Home Inspection to Get an In-Depth Report

9 Tips for Finding and Hiring a Landlord Tenant Attorney

 

Getting Educated

To enjoy success as a rental property investor, you need to know what you’re doing, and to be prepared for the ups and downs of owning rental property.

The Best Real Estate Investing Books

Online Real Estate Courses: 16 of the Best Courses for Investors

Top 5 Real Estate Podcasts that New Investors Should Listen To

 

Investing in a rental property is not a passive venture. Even after you get through the process of financing and purchasing a property in a great location, you will still be very busy managing your rental. Make sure you’re prepared for this endeavor! Knowing what to expect and learning the skills necessary to excel as a rental property manager will help you find success.

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