Written by Mark J. Kohler, Renatus Instructor
As many of you know, I recommend to ALL of our clients to purchase at least one rental property a year for tax planning and wealth building benefits. It doesn't have to be big, but at least something. I have created these “10 Steps to Purchasing Your First Rental” as a guide for many of my clients that are new investors. I hope this may even help some of you that are seasoned investors.
HERE is my AMAZING, yet SIMPLE list:
With all of these risks and steps to take, I still feel strongly this can be one of the the secure paths to retirement. With the power of leverage and using the bank's or other people's money, you can increase your net-worth dramatically. Don't rush…take your time and realize it's not a sprint, but a marathon.
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