STEP #1 – Look for High Yield
Cashflow is king.
That’s the simple message that we have when it comes to yield.
The ideal property offers a 6.0% gross yield or more in the first year. That’s going to cover all of the expenses associated with the property, of which the mortgage is the highest.
And most importantly, it’s going to give you a profit from the first year.
Plus, your rents increase over time in line with inflation and demand.
And with that comes an even stronger net cash flow.