Nellie C.

When you are buying real estate investment properties, make sure you have a handyman that's good and affordable. If you aren't familiar with things that need repairs, then you'll be spending all of your profits on fixing things yourself. A reliable handyman can also be available for any emergency repairs that might come up after hours.

Know how much the opportunity cost of your time. You might love rehabbing a property yourself, but is the time you're spending on it time well spent? Or would you be better suited to looking for the next opportunity? It is a good idea to keep some time free for the business more significantly.

Think about partnering with a management company that specializes in property management. A property manager can screen potential renters and even handles repair issues. This will allow you time to concentrate on finding other properties to invest in.