In this episode, we discuss the seven things you should look for within a rental property. These are:
- There is a good mix of capital gain and cashflow
- You need to decide who your end buyer is going to be when you plan to sell the property
- That the property is in a high population area
- That there are amenities around the property, like jobs, parks, schools and pools
- The price of the property and whether you're getting a good price relative to its market value
- That it fits within your strategy
- Can you hold the property long term
These are the 7 things to look out for within your rental property and you can use this as a checklist when looking for your next rental property.
We also discuss our property investor strategy quiz. This 6 question quiz will recommend and give an indication of the right strategy for you.