Rental properties can be a great source of passive income but there are a lot of variables. What do you need to know to make sure you buy the right rental properties? Well, doing is the best way to learn anything.

We podcasted about rental properties and wrote about rental properties and built a tool to help you find and compare rental properties. Oh, and Andrew and Laura bought 3 rental properties in quick succession.

Mistakes have been made and lessons have been learned. Is cash flow the most important determining factor? Do you need to pay a management property? That cuts into your profits after all.

Once you have a set of criteria that a house must meet in order to be a good real estate investment, should you change it? If so, when and why? If a tree falls in your front yard in Georgia but you live in Hoboken and don’t hear it, did it really fall?

A few years ago LMM went on something of a rental property tangent. We were excited and you all got excited too. But then some big things happened. LMM became a full-time occupation, new sites were built and launched.

During that time, we got lots and lots of emails wanting advice on buying rental properties and lots of people requesting an update on how the properties Andrew and Laura bought were doing. Did they regret buying them? Were they planning to buy more?

We heard you. So here it is, 3 rental properties and 2.5 years later, we’re spilling the tea.

Full Article Here

Show Notes

Raspberry Blush McKeller and Friends: A delicious sour

New England Style IPA own brew

Roofstock - A Marketplace for Turnkey Rental Properties

Simple Wealth - Research and evaluate rental properties and build a profitable real estate business.

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