What should you know and ask before buying your first rental property? Golden Sky Management
Residential & Multi-Family Management Indiana From single family residences to apartment buildings with countless units, our experienced team will put your mind at ease so you can collect rental income worry-free. Before you invest in your first property, you should probably at least be aware of these things: 1. Even in investment properties there is a big difference between the retail price and the wholesale price. Because you are a new investor, you are likely going to purchase a property at the full retail price, or close to it. Because of that, it will likely be years before you break even, and then another year or two before you actually start to show a small profit, if you are fortunate. If you educate yourself about buying wholesale properties, you can start making money immediately. 2. Location is everything. Buy a crap house in a great location and you have a winner. Buy a beautiful house in a poor location and you will likely regret the entire experience.