So you’re looking into investment properties and you want to know what are some basic rules that need to be followed to achieve success. Well, the first rule is to educate yourself about investing in real estate and specifically multi family properties. The more you know that he’s you’re a will be to understand if you’re heading into a successful venture.
A lot of these investment rules may sound simple, but when fine tuned success can be achieved. For example if you’re determining which city to buy an Investment Property in them by fine tuning, you can determine specific pockets of investments.
So what is your goal, Cash-flow?
That’s a good place to start, you’ll need to buy an Investment Property with a positive cash flow and of course the higher the better.
Next identify the location you want . As we already known location is a primary factor. If you’re looking for a great location and tried to find the best deals with in that neighborhood. Some of these deals may need it work and rehab.
Definitely consider using a management company. Property management can be a difficult and stressful job in Los Angeles. It’s made even Harder by being a mom and pop apartment manager.
Keep in mind that after you’ve held your property for 5 to 7 years you may be able to leverage your Investment Capital into more property by purchasing on other Investment Property.
Income property ideas in Los Angeles. Real Estate investment, investment property