In my latest Facebook Live session with Bree, I’ll be sharing my advice for those thinking about becoming first-time real estate investors.
During our last discussion, Bree and I briefly touched on buying rental property and generating passive income. This sparked Bree’s interest, so today I’d like to get down to the nitty gritty a little more.
Real estate can actually be the best source for wealth building that there is, and it’s not overly complex. Though it requires serious dedication and even a little sacrifice, buying investment property will pay dividends in the long run. Without further ado, here are the ABCs of buying rental income property.
For your convenience, I’ve cited timestamps below that will direct you to various points in the video above. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
1:25—The cardinal rule that applies to your investment property from day one
3:05—The 1% rule in real estate investing
4:50—How biggerpockets.com can aid you in determining your cash flow
6:18—Who should you turn to for your rental property management needs?
7:00—Rule No. 3: Look for properties every week
8:10—Discussing Bree’s specific homeowner situation
11:00—Wrapping things up
If you have any questions for me about pursuing property investment or about real estate in general, don’t hesitate to give me a call at 843-619-0401, shoot me an email at MattONeill@MattONeillRealty.com, or check out my website at MattONeillRealEstate.com. I’d be happy to have a conversation with you!
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