Additional Tips and Advice
Real estate investment tools and resources are only useful if you know how to apply them. Here are a few key concepts every investor should understand:
Return on Investment
Used to evaluate the efficiency of an investment
1% Rule
Measures the price of the investment property against the gross income it will generate (anything greater than 1% is typically a great return in most markets)
1% = Monthly Rent/ Purchase Price
1031 Exchange
A swap of properties that the IRS considers like-kind for the deferment of capital gains taxes.