PLUNGE! A Great word and description for anyone who might be thinking about getting into this market. A word of caution, should be understood, before you jump in. Find a qualified Mentor who will share their expertise with you One on One! Not some get rich seminar Guru, who could care less about your success.
Mathews Realty Group
Investment Services
Self Direct IRA Specialists
More first-time property investors in the market
One of the most common mistakes made by first-time property investors is submitting an unrealistically low offer, according to the ERA survey. Thirty-one percent of respondents said lowballing on the price is a first-time buyer’s most common misstep. Meanwhile, 23% said that the most common mistake was not calculating maintenance expenses versus rental income.
With rents on the rise, property prices at or near lows and favorable financing terms, more Americans are thinking it’s time to buy a rental property.
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