Fundamentals of Rental Property

[Firsttimer_IHB]

Can anyone suggest a book, website, or other resource that would lay out some real fundamentals and guidance on investing in rental property? At this point, I'm most interested in learning about valuing a rental property (i.e., whats a good price).

TIA,

Firsttimer

 

[graphrix_IHB]

http://www.johntreed.com/positive.html is a good start. He is a bit on the conservative side but for a first timer you need to think about what he says.

The most important thing is positive cash flow. This is something I haven't seen in OC since 2002. Trust me I have been looking. There has been a few that are 8 plus units but for a first timer it isn't the norm to have the 30% to 40% down for these places. If you are lucky enough to have that kind of cash look for 10 units and up.

 

[Firsttimer_IHB]

Thanks, I've only had a chance to read though briefly, but this seems to be exactly what I was looking for.