💰 https://orlandominer.com/Financing : Real Estate Financing (I’m A Lender)
🅿️ https://orlandominer.com/Patreon
🏡 https://orlandominer.com/RE-course : Learn how to start making money with real estate investing
▶️ https://orlandominer.com/YTCOURSE : Learn how to start making money with Youtube
JOIN My Weekly Newsletter. It’s FREE! Get all the extra Info https://orlandominer.com/Newsletter
📚 https://orlandominer.com/Consultation : PRIVATE, ONE-ON-ONE CONSULTATIONS: Discuss real estate investing, the housing market, or youtube strategies questions and how to get to your financial goals.
🏠 Connect with a helpful AGENT in your city: https://orlandominer.com/agent
📝 Free Credit Report & FICO Score and Boost Credit: https://orlandominer.com/Credit
🚪 Free Foreclosure Email Alerts! https://orlandominer.com/Foreclosures
I will help you get your first rental property. So you need to know this. Don’t invest in cheap rental properties. In this video, I tell you why. Real estate can be tricky, but I’m here to guide you.
#realestateinvesting #realestate #realestateinvestingforbeginners
CAMERA GEAR USED:
○ My camera- https://orlandominer.com/Camera
○ My Mic- https://orlandominer.com/Mic
○ My Lense- https://orlandominer.com/Lense
○ Bookshelf- https://orlandominer.com/Bookcase
○ Back light-https://orlandominer.com/Backlight
○ Sidelight -https://orlandominer.com/Sidelight
○ Hair light – https://orlandominer.com/Hairlight
○ Arcade game- https://orlandominer.com/Arcade
4 Reasons to Avoid Cheap Investment Properties
1. Hidden Issues
One of the biggest reasons to avoid dirt cheap properties is pretty obvious; you’re probably getting a deal because the house has quite a few flaws, and thus, lots of work that will need to be done. When looking at a deal that seems too good to be true, the likelihood of having a lot of hidden problems is very high. These repairs can be a serious undertaking for the buyer, and you need to be prepared to find a home inspector that is thorough and has a good reputation.
The reality is that you’re not only going to need a lot of time and money to renovate the property, you’ll need to be extra cautious to be sure that there are no hidden repairs needed. In addition to repairs, cheaper homes are typically older as well, so the overall age of the home may require more maintenance over time; raising the overall costs and decreasing your return on investment.
2. Location, Location, Location
Another typical issue with cheaper homes is their location. A lower price is usually indicative of declining property values or issues with the home itself. If the neighborhood is struggling with lower property values, this may come back to haunt you when it comes to appreciation and planning your exit strategy down the line. You’ll also want to investigate things like amenities, crime rates, and any other issues that may be present in the area.
Cheap properties don’t cost much for a reason. Whether it’s the location, the lack of renovations, or the neighborhoods themselves, you’re going to find out why this seemingly good deal isn’t worth it in the long run.
And make sure you subscribe to my channel!
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting me so I can continue to provide you with free content each week!
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
