Return on investment (ROI)
You will need a basic understanding on the math involving return of investment or ROI. The math is rental income minus rental expenses equals the return on investment. This is very important because it is how much money you will walk away with, in other words, your profit!
#1 Property investment goal
The main priority and/or goal to owning an investment property is to make money. Therefore, you would not buy an investment property the same way you would buy a home for you and your family. Why? Because buying an investment property is all about the number. As long as that property will generate high ROI then it does not matter where it is located or what type of property it is. If the numbers add up, then its a good deal!
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