The purchase of property for the purpose of renting it out as an investment brings with it a number of added complications, beyond the regular purchase of Jersey Shore real estate. To help those savvy investors out there become even savvier, we’ve put together a number of Do’s and Don’ts to help you navigate the treacherous waters of investment property ownership.
Get your personal finances in order by taking a clear stock of your current debt and repayment schedule, as well any large expenses that may be coming up soon. You have to be sure it’s the right time for you to invest the time and money and that this is something you can truly afford - how essential is that oceanfront property?
It’s important not to forget your main…