How should one determine when they are ready to take the first steps in real estate investing?

Rates vary by county, and are applied to 100% of assessed value (values are determined by the assessor’s office).

Remarkably, all but two described the same types of properties.The next step is to purchase a property similar to what these reliable tenants currently rent.Below is an illustration of the process I followed.In summary, determine which tenant segment will provide the most reliable income and buy properties they are willing and able to rent.

My advice is for you to determine your strategy and choose the market where you plan to invest.

The city recently inspected the property and determined that a converted garage was poorly constructed.

This will determine if I will a 1031 exchange or not.

However, I’m not sure how to determine if it’s truly a good place to focus on.

@Felicia Otoo To determine the best refinancing strategy, consider the following:1.

And he still has his own projects going where he makes 100 to 150k per house usually doing 2 to 3 a year.. so depending on what one thinks good income is can determine if one thinks that is worth it. 

One block can perform very well, and another block will destroy you.Before you invest, I recommend you locate a quality PM that can help you narrow down markets, determine which rentals perform best, cross-check sales prices and rent rates, and take over management right away.The biggest mistake you could make is to get talked into buying in the wrong neighborhood and then learning that the good managers won't touch it.