My son thinks it's all about collecting checks but I keep telling him how much work it really is. For the past few weeks I have been a little overwhelmed. With trying to work my regular job, getting taxes done, making repairs to two houses, and looking for our next rental to purchase i'm worn out and it's only Tuesday. My schedule is already full for the rest of the week.
Welcome to BP!! The first step should be to define your 'why'. Why are you investing in rental properties? Will that why keep you going when it gets tough? It will get tough. The next thing to do is to learn your market. Get a great understanding of property values and rental rates. Analyze at least one deal per day.
My son thinks it's all about collecting checks but I keep telling him how much work it really is. For the past few weeks I have been a little overwhelmed. With trying to work my regular job, getting taxes done, making repairs to two houses, and looking for our next rental to purchase i'm worn out and it's only Tuesday. My schedule is already full for the rest of the week.