What makes an investment property ideal? What makes it a dud? There’s certainly a science to it, no doubt — there are factors that will set your property up to be a passive income powerhouse, while other things may turn it into a money sink.
Seasoned investors no doubt know these factors like the back of their hands, but new investors may struggle to properly evaluate a property. Even those with experience may make the wrong call once in a blue moon, because you can’t always predict people. The factors that make a particular property good can vary as well and they can change.
That said, what are the factors to look for in an investment property that will give you, as a real estate investor, the best chance for success? We sat down to compile a list today of some of the top factors to consider. While this list may not be exhaustive nor 100% complete (there are always x factors to consider), this is a great start and a Turnkey investment property company like Memphis Invest will always be a place to start your search at a minimum if you are a passive investor.
Take a look at the list and let us know what you think...