Where should you buy your first rental property?-Selecting your initial criteria

How do you pick your initial real estate investment criteria as a newbie when you don't want to close yourself off to a good opportunity? If you are a busy professional, it is easy to get overwhelmed in your quest to make sure you dodge getting into a bad investment. This is an excerpt from the live Getting Started With Rental online workshop hosted by Veronica Woods and Samira Kiett. 0:00 Overview 1:16 Challenge with selecting your initial investment criteria 2:27 Considerations when investing out-of-state 3:04 Philadelphia as a good option for rental properties 3:58 How to match your budget to your investment criteria 6:51 Trade off with buying in markets with less appreciation 8:48 How to match repair project complexity with experience and risk tolerance DOWNLOAD THE ULTIMATE REAL ESTATE INVESTOR'S READINESS CHECKLIST 📓Ask yourself the right questions early to avoid making 5- or 6-Figure mistakes while building your rental property portfolio: https://dwoodsrealestate.com/21-questions-investors/ SIGN UP FOR AN UPCOMING NEW INVESTOR WORKSHOP 👩🏽‍🏫This is for busy professionals who want to buy their first rental property without worrying about getting stuck in a deal that will leave them broke: https://dwoodsrealestate.com/new-investor-workshop/ Get THE ROADMAP TO FINANCIAL FREEDOM TRAINING FOR RENTAL PROPERTY INVESTORS: 🗺️Go from “thinking about it” to buying rental properties: http://rentalportfolioempire.com Let's chat about buying, selling, or managing Philadelphia real estate: 👉Call us: (610) 872-7926 Email: veronica@dwoodsrealestate.com 📆 New Investor Discovery Call: https://calendly.com/veronica-dwre/discovery-call 📆 Rental Income Strategy Session: https://dwoodsrealestate.com/pm-strategy/ 📆 Seller Consultation: https://dwoodsrealestate.com/home-seller-strategy-session MUST WATCH PLAYLISTS: 🏘️Check out our investor playlist: https://rebrand.ly/newinvestors 💲Check out our seller playlist: https://rebrand.ly/Phillyhomeowners GET MORE TIPS: 📨If you want to get more real estate wisdom beyond the videos, sign up for my email list (sent 2x a month): https://dwoodsrealestate.com/subscribe ABOUT VERONICA I am proud to work with my dad, Daniel Woods, and continue the legacy of Daniel Woods Real Estate, where we have been advising clients in the Philadelphia area since 1987. I am a natural connector who loves matching buyers and sellers, foodies with restaurants, and those in need of professional/career introductions. My passion is to help more people use real estate to create wealth, build a legacy, and design the lifestyle of their dreams.