For many investors, purchasing a property to rent out just makes sense. However, finding properties to help you meet
your long-term goals can be tricky. Whether you’re considering a turnkey property or a property to rehab and rent
yourself, keeping these tips in mind will help you weed out low-performers while you’re hunting for a solid
investment. 

Tip 1: Run the numbers

When you’re seriously considering any property, you need a solid expectation of the expenses associated with the
property: 

• Mortgage payments.
• Property taxes & insurance.
• Property management fees.
• HOA fees.
• Vacancy & repair costs.

Ideally, you’ll receive more each month than you’ll be spending on the property. In some cases, a property might be
worth purchasing even if you aren’t going to pocket money each month. 

Tip 2: Buy in a market you know

Though sometimes the best markets are far from home, it’s vital to know the area. Understand the demographics and
local amenities to find your real estate niche.

Tip 3: Consider a small multi-unit property

By purchasing a duplex, triplex, or quad you can live in, you can take advantage of an FHA mortgage and save money at
the same time. Although this type of investment can require more hassle, it can be a solid place to begin an
investment portfolio. 

Every market is different, but using these basic tips, you can find an investment property that truly works for you.