Rental Property Investment
3-in-1 Value Bundle
The Best Guide For Beginners To Learn With
Rental Property Investment 101
+
Rental Property Management 101
+
How to Build an Empire with Fix and Flip
Christopher Frankli n
Copyright 2020 [Christopher Franklin]
All rights reserved. No part of this guide may be reproduced in any form without permission in writing from the publisher except in the case of brief quotations embodied in critical articles or reviews.
Legal & Disclaimer
The information contained in this book and its contents is not designed to replace or take the place of any form of medical or professional advice; and is not meant to replace the need for independent medical, financial, legal, or other professional advice or services, as may be required. The content and information in this book have been provided for educational and entertainment purposes only.
The content and information contained in this book have been compiled from sources deemed reliable, and it is accurate to the best of the Author's knowledge, information, and belief. However, the Author cannot guarantee its accuracy and validity and cannot be held liable for any errors and/or omissions. Further, changes are periodically made to this book as and when needed. Where appropriate and/or necessary, you must consult a professional (including but not limited to your doctor, attorney, financial advisor, or such other professional advisor) before using any of the suggested remedies, techniques, or information in this book.
Upon using the contents and information contained in this book, you agree to hold harmless the Author from and against any damages, costs, and expenses, including any legal fees potentially resulting from the application of any of the information provided by this book. This disclaimer applies to any loss, damages, or injury caused by the use and application, whether directly or indirectly, of any advice or information presented, whether for breach of contract, tort, negligence, personal injury, criminal intent, or under any other cause of action.
You agree to accept all risks of using the information presented in this book.
You agree that, by continuing to read this book, where appropriate and/or necessary, you shall consult a professional (including but not limited to your doctor, attorney, or financial advisor or such other advisor as needed) before using any of the suggested remedies, techniques, or information in this book.
TABLE OF CONTENT
Rental Property Investment
What Beginners Should Know About Achieving Passive Income From Real Estate
Christopher Frankli n
INTRODUCTION
Investing in rental properties is becoming an excellent choice for investors because they are anxious for sudden declines and negligible gains in the stock market.
Are you looking for an investment in real estate? Make sure you know what it is before you start searching. Although it is a profitable business, it is not easy. You must retain the property to earn the financial returns during your ownership period.
For many, investing in rental property is simply something like buying a home, renting it out, and then earning money while relaxing on a bank. However, this is far from realistic, especially if you want a steady rental income for years. Packing up a rental property and making a healthy rental income for a year or two is nothing more than an everyday task. However, maintaining a stable rental income until you sell the property is a big effort on your part.
As an investor, there's nothing worse than keeping a rental property vacant. This is because you still need money for the maintenance of the property, which offers you no returns as it is vacant. Therefore, you should actively seek out tenants and do everything possible to accommodate them. It involves meeting the needs of tenants and making timely repairs. Although you can do insignificant repairs yourself, it is better to entrust other complicated tasks (repairing leaking pipes and glass) to an expert.
In your search for rental property investments, it is essential that you consider the location. It involves considering the distance between the property and your home, the availability of tenants, the average rent you can charge, and the ability of local tenants to pay you. Some places may be more advantageous than others. For example, it is best to rent a home near a university, as a large number of students are likely to be looking for a home near their university. This is a large supply of tenants throughout the year.
In short: investing in rental properties is about analyzing the location, doing what you need to rent your estate, keeping your tenants happy, and keeping the property so that it can be rented year after year, and so on until the minimum is limitedthe vacancy period.
CHAPTER 1
WHY I FELL IN LOVE WITH RENTAL PROPERTIES?
In this dark Chinese cafeteria, the nine simple words held between my trembling fingers excited me. A few days after graduating from high school, it was a hot summer afternoon. My best friend Jane and I decided to go to our favorite restaurant - a Chinese buffet outside Minneapolis for breakfast. We talked about life, children, our college plans, our crazy girlfriends, new gossip, and all other pressing issues. Two 18-year-old boys from the Midwest usually talked about sweets and chicken. Cooked rice, jam, wontons, and endless soft drink fillings.
When our conversation began to calm down, the tall, middle-aged waitress went to pick up the dirty plate and left the check. None of us succeeded; instead, we looked for two fortune cookies on the table account.
Jane asked, "Christopher, do you want to live a normal or abnormal life as you age?
When I put the fortune cookie on the cover, I thought about her question for a while. I am an ordinary child in an ordinary city, with general qualifications, general work, and general life outlook. Things looked good to me, so when I took out the clear plastic from the fortune cookie, I looked at Jane and said in my eyes: "I will live a normal life. I am satisfied with it.
I actually think that my performance cannot exceed the normal level, so why did I make a mistake? I can handle the usual situation. I deserve it. It is made every day.
I tore the fortune cookie in half and carefully glued the white paper inside. I will never forget the five words printed in red ink: "There is no ordinary life".
Why do I like renting so much?
I think it's no secret to rent real estate. Of course, it might be interesting to return to the wholesale market. There may be fewer tenants with invoices and liens. It is a known fact that the stock market is well known. But rent is my real business hobby.
Let me explain why.
Leveraged purchasing power
Renting a property is great because you can borrow money from a bank or other people to increase potential income. To put it another way, you don't need to own 100% of the purchase price of the property to buy. We will explore more about this in this chapter, but what I want to say now is this: leasing a property allows me to buy large assets at a price that is much less than the funds required to buy stocks or other investments.
The ability to make big money
I can not only use my money but also use my time and skills to do magic in this game, which is difficult for other investments. In other words: I can hurry. If I want to do the necessary work to repair the property, I can do it. If I want to use my network skills to raise funds, I can do it. If I want to use my knowledge and time to find a better deal that can provide a better job, then I can do it. If I invest in a leased property, I can predict my future.