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Updated about 10 years ago on . Most recent reply
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Do You have to be "in love" with an Investment Property?
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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- Specialist
- Rockland, MA
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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