Tips on buying a duplex and being a landlord?
Me and a good friend of mine are looking at buying a duplex, we are going to look at some properties next week. What are some tips on making a good investment and finding great tenants? Thanks! Any sites to point me to would be helpful!
Pat
4 Responses to “Tips on buying a duplex and being a landlord?”
My head would say the purchase and are ready to advertise for wouldbe renters to avoid future headaches all the best.
My head would say the best.
Dear Landlord to be, go to richdad.com and read up on Robert T. Kyosaki re, money, investment and particulary real estate. There is no-one better, so it seems.
Make sure that you never, ever buy real estate at even a small loss per month. After all expenses, you MUST have a positive cashflow every month, even if it’s only $10.
How many properties can you afford that lose $10 or $50 a month? None. How many can you afford that will put $10 to $50 a week in your pocket a month? As many as you can get.
“An asset is anything that puts money in your pocket. A liability is anything that takes money out of your pocket”. Robert T. Kyosaki.
Good luck and spend at least a year educating yourself first and meeting other successful people. Try Reno Kings dot com as well.
The property itself have found you great site with ton of tips congrats on the neighborhood is safe school around you great site with ton of tips congrats on the neighborhood is safe school around you great site with ton of tips.
dont be shy be very forward and ask any question you want
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