Comments on: Five Additional Steps of Due Diligence When Buying a Rental Property

By: St George townhomes

St George townhomes — Thu, 07 Aug 2008 17:24:16 +0000

The biggest part about looking into a rental place to live is do you like the neighborhood and do you have the money to pay for rent.

By: MoneyMan

MoneyMan — Sat, 07 Jun 2008 20:43:36 +0000

Always use your power team of experts to help yo to make a wise decision!

By: Tom Lindmark

Tom Lindmark — Fri, 25 Apr 2008 04:56:13 +0000

Good article and you hit on valid points. Think you neglected two things. One you have to do the math. See my blog for a couple of articles on ROI, CAP rates and cash on cash returns. Two you have to analyze vacancy rates overall, vacancy rates in the area you intend to invest in, new apartment construction, shadow market competition (very important if you’re buying an apartment in this market when lots of single family homes are competing for the renters dollar) and absorption.

By: Jeffrey

Jeffrey — Sun, 20 Apr 2008 20:26:42 +0000

Get them inspected by a professional.
Huge part of your homework.

Jeffrey Owen
Houston, Katy, Sugar Land

By: Anni

Anni — Sun, 20 Apr 2008 13:16:09 +0000

I am trying to save some money so that i can invest it in a rental property. Hope I would be able to save enough till the end of this year

By: Stoic

Stoic — Sat, 19 Apr 2008 16:55:32 +0000

“The value and condition of your potential property is critical to future appreciation.”

Isn’t that the problem with the Bubble Market? People who were buying with an eye to “future appreciation”. I should think that condition would be the biggest concern for cost of ownership and maintenance.

Don’t buy “investment” property looking to cash in later with a rise in property value. You may very well not get it, especially within the next 10 years. Buy it for immediate cash flow, or don’t buy.

By: Alice Spencer

Alice Spencer — Sat, 19 Apr 2008 06:10:14 +0000

Many people rush in without thinking, due diligence a must.