First and foremost get good real estate that are in solid areas that people want to live in makes great income properties. I have talked to 100’s of investors and the ones that purchase in the better areas make great income. One client that I purchase some properties for has some really great real estate assets.
His tenants are quality and so is his real estate. This investor spends his time in Florida and Golfing. His income properties have less maintenance and they tenants pay their lease regularly. He enjoys his properties and there income/
You do not have to always get a fixer upper for an income property, you can also buy a home that is close to being ready to rent. You can get home inspections for these properties and ask the seller to repair any major items. This helps get rid of any surprises that might arise later with the property.
As long as the numbers work and the returns are good, it really does not matter if it is a fixer upper or not. Buying great real estate is the key to being successful in buying income real estate .
The key to buying income real estate is getting the INCOME! The way to do that is to buy nice real estate that will attract better tenants. I personally have a home that the tenants have been in for almost 10 years and they pay every month on time. That property bought a set of tires for my SUV yesterday.
Buy income properties that produce checks that give you a nice income. To do that you need to buy homes in quality areas. We also have property management that clients are very happy with. We want to get the best income real estate for our clients so they can enjoy their income from them. Let us show you what we can do.