A SIMPLE STARTING POINT
Three paths. A clear plan.
Start with your goal, then outline the costs, timeline and next steps.
01 · BUY & RENTBuild a rental business.
The goal: Own a property with a plan for ongoing rental income.
- Define your purchase budget and target location.
- Compare potential rent with financing, taxes, insurance, maintenance and vacancy.
- Plan for leasing, management and cash reserves.
02 · RENOVATE & RESELLImprove, then sell.
The goal: Update a property with a clear resale plan.
- Set a purchase budget and review comparable sales.
- Outline repairs, contractor estimates, permits and a contingency.
- Map the timeline, holding costs and selling expenses.
03 · GROW YOUR PORTFOLIOPlan your next property.
The goal: Add an investment that fits your existing business.
- Review the properties you own and the goal for your next purchase.
- Set financing, cash reserve and property criteria.
- Plan how to manage the added workload and review performance.
Plan the next step toward property ownership.Photo: Jakub Żerdzicki / UnsplashYOUR LONG-TERM VIEW
Start with a clear plan.
Bring your questions and priorities. August can help you explore the next steps toward investment property ownership.
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