193. Purchasing & Accumulating Rental Properties Part 1
Get ready to dive deep into one of my favorite wealth-building strategies: investments in rental properties. In this episode of Empire Building, we're going to explore the ins and outs of purchasing and accumulating rental properties—a topic I believe many of us have been curious about for years.Here's what we'll cover:Definition of a Buy and Hold Rental Property: We'll start by defining what a buy and hold rental property is and how it differs from other types of investments.The Kinds of Rental Properties You Can Buy: There's a variety of rental properties out there, and we'll look at the different types to help you understand your options.Pros and Cons of Owning Rental Properties: Like any investment, there are upsides and downsides. We'll discuss both so you can make an informed decision.Loan Considerations for Buying a Rental Property: Financing is a crucial part of property investment. We'll delve into the types of loans available and what to consider when securing one.The Costs Associated with This Kind of Investment: Lastly, we'll break down the costs involved in investing in rental properties to give you a clear picture of what to expect.Whether you're a seasoned investor or just starting to explore the idea of rental properties, this episode is packed with valuable insights. Don't miss out on this informative discussion that could potentially change the way you approach wealth building through real estate.Connect on Instagram:Seychelle Van Poole: @seychellevpSarah Reynolds: @sarahreynoldsojiWendy Papasan: @wendypapasanKymber Lovett-Menkiti: @kymbermenkitiTiffany Fykes: @tiffanyfykesProduced by NOVA Media