Buying an investment property can be a smart way to increase cash flow, and you’d have a backup home if you ever need to move.
Gauging which listing will make the best investment property can take some work. Here are a few things to look for:
Renters want to be where the action is, and urban areas offer more of that. Renters seek out amenities such as nearby shopping, restaurants, public transportation and recreational activities in a location that’s convenient.
Follow the Jobs
If you’re looking for long-term renters, it can help to buy in an area where the job market is strong. Look for businesses that have recently moved or opened in an area, and have a history of regular hiring at good wages.