With our proprietary SMART Residential Income Property Search Engine© tool, we can begin the search for a good investment for you by looking at five simple criteria:
Of course, there are other factors to consider, and most of these can be included in a detailed analysis of an income property once a set of desirable candidates are targeted. Then you can use our SMART Return on Investment Analyzer© to adjust your other parameters, and make sure you are looking at the factors you want.
Here is a summary of the questions you need to ask yourself before buying an income property:
* Income Property (Buy & Hold) or Flip?
* Income Property or Flip?
* Experienced Income Property Owner?
* How long?
* Monthly Income or Appreciation?
* SFR, Condo or Multi?
* # Units?
* Live in 1 unit?
* Self-Manage or Property Management?
* Monthly Income $ Target?
* ROI Target?
* Cash or Loan?
* $ to Invest?:
– Down Payment
– Closing Costs
– Rehab $
* Exit plan?