Buying a rental property is a serious investment of time and money. One that successful investors never take lightly. To do it right, investors should always do their due diligence thoroughly to make sure it’s a good deal.
Rental properties have a lot of due diligence associated with them. Rental owners will want to know many statistics about the area. Good neighborhoods attract good renters and higher rents.
To see if a neighborhood is a good one, investors will (among other stats) check out:
- Crime statistics
- Quality of schools
- Proximity to highways for commuting
- Local attractions
- Access to grocery stores, restaurants and other essentials
- Local vacancy rates
- Average incomes
- Home ownership vs. renting
There’s a problem with good deals though. They never seem to stick around for long. People like good deals. There’s a lot of competition out there for them. …
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.