3 hot tips first-time investors can’t afford to ignore:
1. Do your homework. As lucrative as landlording can be, it can devastate and consume if you sink funds in the wrong property.
2. Choose a prime location. Location to schools, tourist attractions, restaurants, shopping, and green spaces should be thought through. Enlist an agent’s help to identify hot zip codes and neighborhoods.
3. Know the law. Sure, you’re about to rake in some cash, but you’ll also rake in some headaches if you don’t know your legal responsibilities as a landlord. Study our state’s laws and consult with an attorney to ensure you understand.
