Investment property goals can vary from person to person and situation to situation. And they should. Just the other evening I sat down with a couple who both work and I can guess they both make very good incomes. Kids are out of college. They are within 20 years of social security checks and enjoying the rest of their lives.
I’m a bit younger, a professional real estate agent and am still raising 3 of our 4 kids…the other off to college.
And a younger, favorite investor of mine is just barely 30, no kids, great job income and has a goal of replacing his job income with real estate.
That’s three very different situations and there is no one real estate investing formula that would cover all three.
What are YOU looking for in an investment property?
That’s the $10 question.
- Cash flow?
- Equity growth?
- Delayed financial security?
So many more questions can be asked here. You probably need to talk to a professional who knows what questions to ask.