This is a common question I get so here’s the lowdown.
First, decide what you are going to do with the real estate, such as Airbnb, shared housing, transitional housing, or regular rental.
The key point to remember is to buy investment properties based on cash flow.
In other words, you’ve got to figure out what the investment property is going to be used for so you can reverse engineer the price you are willing to pay.
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.