This article gives you 4 questions you should ask before buying a rental property.
1) Do you have enough money for a deposit?
2) How much income will come in each month?
3) Can you be a landlord?
This question means, do you have the time to fix something, if a problem would arise? If you don’t, a property manager might be the way to go but it will cut into your profit.
4) How will your expenses affect your profit?
You should ask yourself these questions before buying a rental property. While many home renovation shows make a rental property look easy, there are many considerations you should look at before buying.
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