Would You Live There?
Just because the property is cheap doesn’t mean its a good deal. If you’ve been to one of my seminars you’ll remember that I stole Dr. Covey’s words “Begin With The End In Mind.” Know what your going to do with your investment first before you ever take possession.
If your going to be a landlord make sure the property is something people will want to live in. Close to schools, shopping, transportation etc. The country is lacking clean, decent, affordable housing.
If your going to rent, make sure it’s a place you “could live in.”
Below is a post from Gregg Swann it’s good advice and food for thought.
- Phoenix Real Estate | What matters most in rental home investing … - Phoenix real estate: Whether you’re buying, selling, moving to or investing in a home in Metropolitan Phoenix/Scottsdale, Bloodhound Realty is the fiercely loyal, web-savvy guide you’ve been looking for - and we’ve got the best MLS …
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