Building passive income through rental properties

[Brandon Horton]

So I am an extremely new potential investor in the buffalo NY area. I am looking for any advice on purchasing rental properties. My plan is to purchase duplexes in an up and coming area in northern buffalo, and build a strong stream of passive income. I guess what I'm asking is what is a basic process to buying a home? From finding the right home to invest in, to closing on the actual property.

[Matthew Irish-Jones]

@Brandon Horton Start with a good analysis spreadsheet and run lots and lots of numbers.  When you feel comfortable you can project costs, rents, and value... find a good Realtor.  The Realtor will get you into places and you can make sure your eyes match what the pictures are showing you.

Watch out for deals that look to good to be true, and stay away from major renovation projects on your first couple deals. 

Good luck!