Have you thought about purchasing a rental home in the Las Vegas area? There are tons of investors sprouting up and making the rental homes in your area very completive. “When I first got started as an investor, I spent a lot of time trying to find these types of properties. I remember spending hours upon hours scanning my local MLS listings, desperately trying to find a deal that would make financial sense.” This quote was actually pulled directly out of the attached blog post. Most people are looking for a cheap home to buy as a rental, but don’t realize how much work goes into a rental home and making it livable for your future tenant! There are multiple steps when buying a rental property, and making your money worth the while! “If a deal doesn’t cash flow, don’t buy it. PERIOD. This is why it’s crucial for you to nail down your projections and get an accurate depiction of its profitability – because frankly, your “GO” or “NO GO” decision usually boils down to the answers you get after going through these motions.” That quote was also pulled from the article, and it truly stood out to me, because most people want to purchase a rental home but don’t factor in the mortgage vs how much they will be profiting off it. After you think about the financial part of the rental home, it is time to think about fixing and upgrading your rental home. “As with any real estate investment – buying rental properties takes a lot of homework. Rental properties don’t necessarily come with the glamour and huge paychecks that “flipping houses” is known for – but it is a proven method of building multiple streams of permanent income.” This quote that was also pulled out of the article explains that even though you most of the Rental Home process is about your research and everything that comes before purchasing, it is also about making the property a good investment, and making it so you get the best renter possible in it. In the article below, it tells you that in your first year of having a rental home that is the year you will more than likely have most of your problems because when you buy as is, you don’t know what you are truly getting. Don’t discouraged when your profit ratio is a little off the first year you own your property in the Las Vegas Area, because after that you should start seeing a more upward profit. “Again – this is not (nor will it ever be) a property that throws off massive cash flow, but for someone’s first experience with a rental property, it’s an ideal way to get started in the business.” Finishing this blog post off with another quote from the article because this is a strong statement saying your rental property most likely won’t make you tons and tons of money, but when it comes to starting a business in being an investor, a small rental property is the one to choose! Please read below for the attached article that gives you more information on this topic