Buying First Investment — Property

The biggest mistake first-time investors make is falling in love with a property. You aren't living there. It doesn’t matter if the wallpaper is hideous or the backyard is small.

Assume the property will be empty one month out of the year. If the deal still makes money, you’re in good shape. 4. Start Small (The "House Hack" Hack) buying first investment property

Even if you DIY it now, budget for a pro (usually 8-10% of rent) so your business model is scalable. The biggest mistake first-time investors make is falling

Your first property doesn't have to be a mansion; it just has to be a . The best time to buy real estate was twenty years ago; the second best time is today. Do your homework, run the numbers twice, and then take the leap. Assume the property will be empty one month out of the year