By Dr. Jim Dahle, WCI Founder

Many physicians will own rental property at some point in their investment career. However, they often fail to analyze it properly before making the purchase. Applying five rules of thumb will help ensure a favorable investment outcome.

 

Rule #1 – You Make Money When You Buy

Experienced real estate investors know that the secret to making strong returns on real estate is to buy a property at a fair price or, better yet, at a discount. You simply cannot pay “retail” and expect a good return. Retail is the price at which an inexperienced home purchaser would buy the property to live in, and it can easily be demonstrated using recent sales of comparable properties in the area. That means you cannot shop for a property using the Multiple Listing Service (MLS) and expect outstanding returns. By the time a property

Keep reading this article on The White Coat Investor.

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