To this day, the real estate market continues to be most people’s favorite place to invest. After all, owning and renting out residential properties is considered one of the best ways to make money and build wealth over time. With an investment property, you can generate cash flow, build equity, taking advantage of tax benefits and deductions, and protect yourself against inflation. However, in order to enjoy these benefits of real estate investing, you first need to actually know how to buy an investment property.
Without a doubt, this is a huge financial commitment and can be one of the most stressful things you’ll do – especially if you’re a first-time real estate investor. Having a flow chart detailing how to buy an investment property, however, will make the ride much smoother. While some think that it’s a complicated process, in reality, it’s a bit similar to the process of buying a primary residence but with some twists. To help you in your quest to get started in real estate, we’ve put together this real estate infographic detailing the 15 steps investors need to take to successfully buy a property for investment. We also share a bonus tip at the end that you do not want to miss!
So, if you’re ready to enter the real estate investing business, use our how to buy an investment property flow chart to guide you through the process step-by-step:
This infographic was created by Venngage Infographic and Real Estate Postcards Maker.
Much like buying a primary residence, buying an investment property is not a walk in the park. There are a lot of things that you should consider and be prepared for before you even start searching for real estate investment opportunities. All successful investors know that minding due diligence before diving into the real estate business is key. So, while it’s going to take time and energy to buy your first rental property, it definitely has its rewards and the perks that come afterward are worth the investment. Follow this how to buy an investment property flow chart and you’ll be well-prepared for closing your first deal as a real estate investor. If you want a thorough breakdown of the above real estate infographic, read our article on the 10 Steps to Buying Your First Rental Property (Don’t Skip #7!).
Keep in mind that you don’t have to go through the purchase process alone. With Mashvisor by your side, you can start and end your investment property search and analysis in a matter of minutes! We provide real estate investors with the tools they need to make faster and smarter decisions using big data and predictive analytics. Our tools include a Heatmap for analyzing markets and neighborhoods, a Property Finder where you can set your criteria and find homes for sale that best fit what you’re looking for, and an Investment Property Calculator that provides pre-estimated projections on the profitability of any property as a rental (both traditional and Airbnb). To learn more about our tools and what we do for investors, read this.
If you’re ready to start searching for and analyzing investment properties for sale, sign up to Mashvisor to try our real estate investing tools and see how they make your life easier.