- Passive doesn’t mean it’s easy.
It takes a team of agents, lenders, accountants, and property managers, contractors before you even get a taste of the “passive” part of passive income.
- Cash flow isn’t the only motivator.
Cash flow is the basis for most investors, but other important factors are equity, financing options, location, and exit strategies. Real estate investments are a financial tool.
- Know your numbers and set goals
Rental income comps, property value comps, closing costs, holding costs, repair costs, and projected ARV may not be your favorite topic of conversation… but they will make or break your deal.
If you’re interested in real estate investing in West Michigan, take a look at some of the active multi-unit and flip listings.
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