First Time Rental Property Investing

[Santiago Coppoletta]

I’m looking into a few different markets to try and get a strong return while keeping risks as low as I can.

What advice would you give to a first time investor? Also, any markets with high yields you would suggest?

I want to finance the property to enhance returns. Any advice on this?

I appreciate your help!!

[Ben Kappel]

Just one guys opinion here, but as far as markets go, I would just look at a couple you are familiar with already and start researching it. There have been many forums you can search and read about best cash flow markets, and I see people saying Detroit more than any other city, but there are also many others in the midwest. 

As far as financing, that is an easy one, just call a local lender. They are all very friendly and now days they can do much of the business on the phone or email. They can give you a great start on how much money you may need and what rates you could expect. 

One bit of advice or goal that I used myself this year is set a goal of how many books you want to read this year. I set a goal of 12 new books, and by setting this goal and buying the books ahead of time I find you read through them much faster than planned. 

Best of luck!