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http://www.workwithgerry.com – How To Buy A House And Rent It Out There are really three major things to know about how to buy a house and rent it out. First thing is buying in the right area. We find that an average 2 or 3 bedroom in an average neighborhood tends to give us a better rate of return than the high end areas and yet holds its value better than in a lower end area. Second thing about how to buy a house and rent it out is really how to find a good price home. Of course, a real estate agent can help direct you. You’ll also want to do your own research thru the MLS listings, newspapers, tax foreclosures or bank foreclosures. There’s also online auctions to look at. A word of caution on some of these, however, is that you may not get access to seeing the inside of the house. Do as much research as you can online. Drive by or have someone drive by the house, check out the neighborhood. Making certain that you’re in a good area is really important to the value of your home and to attract responsible tenants. Third thing to consider is looking at multi-family homes. A duplex, triplex or even four-plex. This can give you great flexibility in either living in one of the suites to offset the cost of the mortgage to really fast-track growing your real estate portfolio. Also, if a tenant leaves, you’ll still have cash flow from the other units. Multiple streams of income is the secret ingredient that you’ll hear many very successful people talk about in wealth creation. So, I imagine that since you’ve asked how to buy a house and rent it out, you’re looking to create a second stream of income. I encourage you to do that – it’s a great way. We’ve got a really successful real estate portfolio and recently we added another stream of income through leverage the internet. We started working with a team of that teaches how to master the skills necessary to create immense success online. This is a great way to actually create the capital you’ll need to start your real estate portfolio. If you’d like to have a look at what we’re doing, click the link at the top of the page. We’ll send you a video and if you like what you see just go ahead and jump in. I’ll be very happy to help you get started. https://www.youtube.com/watch?v=BEcm4jXtjzw
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