Investments and rental properties are the absolute number one type of property that I get asked for advice and assistance on.
Having purchased my first rental before I purchased my first home, I have quite a few years of trial and error to learn from. I believe there is an investment formula that is perfect for each person; it is just a matter of discovering that formula. There is a lot that goes into it, but I believe the most important aspects are -
What are your available funds and financing resources?
What is the amount of time you are willing to spend on your investments, monthly and yearly?
Are you a people person, or a nature person?
When do you want this investment to pay off? Is it for added income now or for a retirement fund later on?
These factors, along with a variety of others, will help you decide what type of investment is best for you and what we will search for in the coming months. Interested in finding out more about your ideal investment formula?