Buy and Hold (Long Term) Education

What is it?
Real Estate Investor buys a property and rents it out to a tenant or tenants.
Pros:
- Long term wealth creation with the mortgage being paid down and appreciation sending the value higher
- Monthly passive cash flow potential
- Huge tax advantages
- Solid property manager can relieve the astute investor from daily management roles
- Tenant and repair headaches
- No huge chunks of cash unless refinanced or sold
- Cash and credit usually needed
- Higher exposure to risk
- Find several wholesalers who can regularly provide quality deals.
- Look at online bulletins and newspapers for distressed sellers.
- Bandit signs in high investor activity areas.
- Post-it Notes, direct mail, postcards in high investor activity areas as well.
- Realtors who know investing can be a powerful resource and can provide potential deals through MLS (Multiple Listing Service).
- Concentrating marketing efforts in certain areas (farming) can also be ideal if an investor plans on doing most of the management themselves.
