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In today’s video, you’re going to learn the right way to buy real estate. We’re going to talk about what to look for in a rental property, how to navigate the market, and the best solution you can use to add rental properties to your portfolio.
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Here are some minimum standards you should look for in a rental property:
-Located in a landlord friendly state in a growth market
-Selling at or below market value
-Cash flow positive
-Has steady appreciation, providing you with equity
-Allows for massive tax benefits
Finding a rental property that checks all those boxes can be tricky even in the best climate… but in today’s market, finding a great rental property can feel like a massive undertaking.
At Morris Invest, our properties have all the qualities I just mentioned earlier: they’re in the best rental markets, at or below market value, cash flow positive, with solid appreciation. Since we build in bulk, we’re able to offer some of the benefits that can be more difficult to find in this current market.
Build to rent properties are able to offer many unique benefits that are nearly impossible to find in older properties. For example, a new construction rental property creates a more cost-effective experience for the investor, fewer repairs, higher rental rates, fewer tenant turnovers, and high-quality tenants.
And even though current interest rates are a bit higher right now than you might prefer, grabbing one of these new construction properties now positions you to capture large equity gains when rates inevitably drop, and prices go up.
Smart investors know that it’s always the right time to buy real estate, regardless of what’s happening with factors like interest rates and inflation. If you’re thinking about long-term strategy, you know that time in the market is far more important than trying to time the market.
The right way to invest in real estate is to focus on your long-term strategy. Because if you’re looking for something to talk you out of investing, you will find an excuse. There are always going to be factors in the economy that are less than desirable… but these things are outside of your control.
Focusing on the big picture is instrumental to your success. A true investor controls the controllables and doesn't put too much weight into external factors they can’t influence. A true investor buys real estate when they can. They trust and understand that they'll come out ahead over time because they have put the right fundamentals in place.
And if you’re interested in learning more about new construction rental properties, be sure to check out this next video. Our team member, Jade is going to walk you through one of our build to rent properties in Lubbock Texas.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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By: Morris Invest
Title: Investing in Rental Properties: How to Do It The Right Way
Sourced From: www.youtube.com/watch?v=eXpFF9ywFGs
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