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Subject Expert
Tip: don’t buy in California. You won’t find cashflow in California, especially in the current rates. Gotta look in red states (which typically are better for landlords anyways).
Subject Expert
You usually need a lender that is licensed in the state of the property. But you don’t need to live in that state.
Buying an investment property can be a great strategy to build equity and generate passive income. Here are some tips, dos, and don'ts to consider when investing in a property in your desired location, the Bay Area, specifically San Jose. Tips include , Research the Market, Set a Budget, Location, Evaluate Cash Flow, Property Inspection. Dos include, Create a Business Plan, Build a Team, Understand Landlord-Tenant Laws. And don'ts include, Overextending Finances, Neglect Due Diligence, Rely Solely on Future Appreciation.
Whether to move forward with investing in an investment property ultimately depends on your financial goals, risk tolerance, and personal circumstances. It's advisable to consult with a financial advisor or real estate professional who can provide personalized guidance based on your specific situation, For that reason you can DM if anything bordering you
Hope you ask because you don't have any idea of it.
Great strategy.
Tip: Execute well.