I am in the Baltimore area and have noticed the low price of some homes. I have recently been tracking several that I would like to purchase to possibly renovate and rent out. Plenty of past homes I have looked at have been snatched off of them market so I assume they were good deals to someone. There has been many occasions where I have thought about just purchasing the next thing I think would be good to renovate or just rent out. Are there things I should look out for specifically when dealing with properties that I plan on renting out. Given the current prices in the area for some of the auctioned homes should I look somewhere else? Should I even start with auction properties or stay completely away. I have read a lot of the bigger pockets forums and about many people and their first purchase. It seems as though a common thread I see is to "just do it". Is this really the case?
Answers
Hi Daryl --
Income property investing requires more than "just do it", though some markets periodically look awfully enticing -- as you've related.
I've done some income property investing and I'm a licensed real estate broker. I'd be happy to brainstorm with you as to what to look out for -- particularly in older homes, and those that are pre-1978 relative to lead paint issues.
I can be reached through the ACP website, as well as jeremy@theserwercompany.com. Let's set a time to talk?
Thanks.
JS
Hi Darryl,
Thank you for your service. Dave Ramsey is a wealth of knowledge and has great advice for beginning real estate investors. Best of Luck,
https://www.daveramsey.com/askdave/investing/real-estate-investing-101
Teri
Your Answer
Please log in to answer this question.