A couple in their 30s breaks down how they came to own 21 rental units in affordable, high-appreciating areas across the country — and share their approach for picking top cities, realtors, and financing strategies
They keep a spreadsheet that tracks the key data points until they're able to narrow down areas that score well on all the categories.
He continued,"If you have two cities with similar job growth and population growth, but one costs like $500,000 for an average property and one costs $100,000 for the property, we feel that we can get better returns with the $100,000 one." The couple noted that finding good contacts on the ground is key because this will all be done remotely. This process will require research. Tseung usually starts with a simple google search for an agent and then uses referrals and online reviews and ratings to screen them.
"I also just call each and every one of them to ask them a bunch of different questions. I have like a script of questions basically that I collected," Tseung said.
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