Things you learned from your first investment property

[Ryan Muska]

My first investment property has taught me some crucial things that I had no idea would be an issue until it was too late. What are some things you learned? Here are my key educational points:

- Electric Heat --> SUPER expensive for whoever is paying utilities; stay far away from

- Knob and Tube --> Not good for getting insurance carriers to insure your property and it is an outdated and expensive electrical system

- Always negotiate for lower purchase price --> Just because the numbers 'work' doesn't mean you can't get it for lower. I wish I had negotiated more