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Updated about 10 years ago on . Most recent reply

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17
Posts
6
Votes
Tammy Braz
  • Real Estate Investor
  • Simsbury, CT
6
Votes |
17
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Do You have to be "in love" with an Investment Property?

Tammy Braz
  • Real Estate Investor
  • Simsbury, CT
Posted

I find myself judging the investment properties as if I were going to live there.  Do I need to love it? Like it? Or Just make sure it's a good (sound) investment.  I'm a newbie and I've been looking in good areas (school system, resale, rents, taxes) for an investment property.  The problem is that some of the units aren't that attractive.  I find myself thinking... I wouldn't want to live here with this bathroom, kitchen, flooring, etc.  Should I take myself out of the equation?  I also want move-in ready, with tenants at a good price  - Is that asking too much?

Most Popular Reply

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7,730
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
2,248
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7,730
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied

@Tammy Braz 

There are 2 rules of real estate investing

Rule #1 You never fall in love with a property you fall in love with the numbers

Rule #2 NEVER forget Rule #1

Paul

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