First steps for a newbie who wants to buy in cash

[Kenneth Hahn]

Hi. I’m Ken and have want to diversify my portfolio by adding real estate. I want to be a cash buyer. I’m particularly attracted to the financial characteristics of rental properties.

I’m looking for any advice I can get to start things off properly. What are the best places in the US or abroad? What licenses do I need? What are the best books for newbies?

Thanks in advance!

[Randall Alan]

@Kenneth Hahn

The first thing I would point you toward is not being a cash buyer (if you are looking fir your best return on your investment dollars.)

If you could by 1 - $100,000 house, or 4- 100,000 houses for the same money (ie. 25% down) and financed, when you run the numbers you will see you will make considerably more profit on the four.  You would also be earning appreciation on 4 properties at the same time - which over time will return you way more money than the cash-flow.

All the best!  
Randy