One of the most profitable real estate investment strategies is the long term buy and hold method that involves purchasing a property and renting it out to tenants. Over the years, through the ongoing receipt of regular rent checks, the mortgage on your property (or properties) is essentially paid down by other people’s money.
Yet, while the process of buying and holding property is fairly straightforward, nothing is ever really as “easy” as it seems – and it does still require a fair amount of hard work and discipline in order to ensure that the process is profitable. Therefore, if you’re planning on holding Orlando property for long-term profit, there are several important steps that must be taken towards success with this real estate investing strategy.
These steps include:
- Purchasing at a discount or in a good neighborhood. When searching for a property to buy