New to BP, and to Real Estate Investing. From Jacksonville, Fl.
Hi - Just starting my journey into real estate investing. Currently reading Brandon Turner's book which has been very helpful. I currently own a rental which was a home my wife, and I lived in for about 10 years. We've rented for the last two, and getting ready to sell it in the next week. We have a decent amount of equity in the home, and plan to use part of the proceeds to invest in another rental. Since this is what I consider my first real rental property purchase I plan to take my time to find the right deal. My question is this how do you know when you have a "Great deal"? Thanks in advance for any tips or advice.