Anyone have a checklist or know of an article to getting started with buying rental real estate? I was going to make a list of to do's: but was wondering if anyone had something made they would be willing to share. I am just starting out and will be searching the forums/blog posts also. Thanks in advance.
This is a pretty good thread if you are looking to make your own custom sheet.
hmmm...I don't have a checklist but here are some things you need to consider:
1. financing-paying cash or otherwise
2. exit plan-rent, flip, etc
3. reserves-if you have problems do you have cash to take care of them?
And remember the #1 rule: you make your money when you buy. Above all I believe that is most important.