Buying rental property is very appealing for lots of reasons. Some of the world’s richest people have achieved their wealth through real estate. And it may be the right decision for you if you’re looking for a means to fund retirement, leave a family legacy, create financial freedom, or just bring in additional monthly income. This guide to rental property investment will help you decide if investing in rental properties is right for you.
An important guide to rental property investments is to start by seeking the advice of your financial planner and tax advisor, in addition to finding a Realtor experienced with investing in real estate for rental income. These are important resources for an examination of your particular investing style, risk tolerance, leverage position and more.
Just as important as seeking advice, becoming educated on investing in real estate rentals is critical. You likely didn’t land in your career without an investment in education that prepared you for that specific line of work. It’s no different with real estate. Seek out a proven real estate investing training and coaching program that will guide you step-by-step through the buying process and beyond. Check out LeAnn Riley’s Proven Profit Formula Coaching Program, which can be completed in as little as 60 days and combines online learning and weekly group coaching with LeAnn, who’s been in real estate for 30+ years as a Realtor, trainer and coach. LeAnn also built a multi-million dollar portfolio of investment properties.