In today’s episode, Kelly talks about what to consider when investing in real estate for both new and seasoned investors. Making good investment decisions will help you avoid future financial trouble and ensure that you get the biggest return on your investment. Maybe you’re buying your very first house for you and your family. Or maybe you already own several single-family homes and are ready to start investing in real estate. The categories discussed in this episode will help you on your path to greater financial freedom and success.

02:11 The impact of home ownership on society
15:43 Buying your first property
24:08 Having a team of professionals
30:55 What types of properties to buy
34:07 Location, location, location
39:51 Property condition
44:20 The profitability of the property
45:38 Property price
55:53 Keep leveling up and learning on your investing journey

“You ought to have 6 months of mortgage payments and insurance payments set aside… You should keep cash reserves. If you go with a property that’s too expensive, it’s not hard to understand how you could get underwater financially if you couldn’t get it rented or if something happens. So it’s nice to have a little extra money in the bank for a cushion to give you time to make a play.” 46:21