Part 3

Finding and Evaluating Properties

IN THIS PART …

Understand the what, where, and how of buying a rental property so that you have a solid plan in place as you shop around and purchase a property.

Examine the differences between residential and commercial leases so that you know what to expect if the property you want to buy has an existing lease and tenants.

Know how to value and evaluate real estate investment properties using a variety of financial tools and techniques.

Make sure that when you consider purchasing any real estate that you understand the return on investment (ROI), which is really the purchase of a future income stream or cash flow.

Grasp the ins and outs of negotiating a real estate contract, which is a legally binding written agreement between two people regarding an exchange of some sort.

Get the lowdown and our advice about performing due diligence, doing the necessary inspections, and closing your property so that you’re ready to take ownership.

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