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Updated almost 8 years ago,
Choosing locations/rehab costs
Hey everyone,
I'm trying to educate myself on how to choose a decent location(in the future). I'm a huge newbie (just started last week) and one of my biggest fears is purchasing a home and then not having anyone rent it. I was wondering, generally, how difficult is it to find tenets and how do some of you go about choosing locations for a buy and hold? Another fear I have is overlooking any rehab costs.
I'd like to pursue a buy and hold strategy but am not sure what types of homes I should pursue. Since i'm just starting out i'd ideally like to start with a small investment (just to get my feet wet) and then with a little experience under my belt aim for larger projects.
Any advice would be greatly appreciated.
I don't plan on pursuing any type of investment until I get a solid grasp of the industry (i'm aiming to invest by June/July!!).
Thanks.