How to buy rental property is not that difficult, especially in today’s market. The actual purchase itself you just want to talk to a traditional mortgage banker, or commercial banker, depending on how many properties you own.
Basically, when buying an investment property, or rental property expect to put at least 20% down of the purchase price or the appraisal value which ever is less, that is a bank thing.
Then you want to make sure the property will cash flow. This is simple to do. When inquiring about a loan ask what the loan payment will be.
Then do some research and find out what the tax payment and insurance payment will be, add everything together and make sure the market rent is more than all the payments put together.
To start a rental property invest money being a landlord is different than being a private homeowner. Starting with a single home will allow you to get a feel for the maintenance. Don’t invest somewhere you don’t know. You need to determine if that rent will be enough to cover your costs.
Always get professional help when you need it. You need to find and keep good tenants is the heart of successfully investing long-term in real estate.
Do this thing, and you will be building wealth with an your investment.