Best Way To Buy Your First Rental Property

The owner s full name and property address which were edited out of the above audio clip i went to work.

Best way to buy your first rental property. Caller s name and address have been removed from this recording for privacy 2. Take a rental property that costs 100 000 to buy. Paying cash can help generate positive monthly cash flow. Use a self directed retirement account through a provider such as rocket dollar to diversify your portfolio and invest in real estate including buying your first rental property. This is a good way to take advantage of tax deferred retirement funds and get into real estate investing while staying irs compliant.

Another option for buying an investment property using little money down is by assuming the seller s current mortgage also called buying subject to in a subject to deal you buy a rental. With rental income taxes depreciation and. I was fortunate in some respects because i was very familiar with this.