Are you thinking about investing in rental properties? 🏡 Before you jump in, learn how to avoid the costly mistakes that many new real estate investors make. In this video, I'll walk you through the essential steps for evaluating a rental property, from understanding the importance of location to calculating the cap rate.
📊 We'll dive into critical factors like property condition, market trends, tenant screening, and most importantly, how to ensure positive cash flow. Plus, stick around till the end where I reveal the single most important strategy that can save you from making a bad investment.
🔑 Ready to make smarter investments? Watch now and protect your financial future by avoiding bad rental properties!
🔔 Don't forget to like, comment, and subscribe for more real estate investment tips. Got questions or personal experiences to share? Leave them in the comments-I'd love to hear your thoughts!
🔥 AGENTS! 🔥 Interested in learning how to partner with me at EXP Realty? Schedule a call/zoom and let's discuss! 👉 Partner with Shane at EXP Realty: https://calendly.com/shanecyrexp
To search all available listings in Victoria click here! 👉 👉 https://shanecyr.ca/
Chapters: 00:00 - Introduction: Avoiding Costly Rental Property Mistakes 00:25 - The Hidden Costs of Rental Properties 00:54 - Location: The Key to Successful Investments 01:47 - Importance of Market Trends and Property Condition 02:41 - Evaluating Schools, Job Market, and Crime Rate 03:33 - Assessing Rental Rates and Avoiding Vacancy Pitfalls 04:49 - Looking for Future Development and Zoning Potential 06:16 - Why You Need a Property Inspection 06:47 - Cap Rate: Understanding Return on Investment 07:52 - Final Advice: Focus on Cash Flow Over Appreciatio
