Could you use a little insight about how to buy your buy-and-hold properties?
Well, Chris Clothier here with you to do just that in this lesson. And my tip is this: Always buy “neighborhood normal” houses.
Now let me expand on that thought…
Have you ever received this little bit of advice in the investing world?
Never buy a 2-bedroom, 1-bath house.
Is this always true? Will this directive always make sense? Should you blindly follow this advice?
Let’s take a closer look…
Follow Advice? Or Not?
Let’s say that the property you’re considering is indeed a 2-bedroom, 1-bath house. You’d like to add the property to your rental portfolio because the price point compared to the potential rent just makes sense to you.
Then you remember that advice…
But this particular house happens to be in the vicinity of a large university. You make a study of the surrounding neighborhoods, and surprise!…
Chris Clothier
owns and operates three multi-million dollar a year marketing brands including 1-800-SELL-NOW, Find Cash Buyers NOW and Find Private Lenders NOW; each brand, under the REI Marketing umbrella, is designed to help real estate investors and agents reach a specific marketing niche.