No matter what type of single-family home you invest in, keep these key needs of your tenants in mind BEFORE YOU Bin’ ANY PROPERTY:

•SCHOOLS: What is the quality of the schools in the area you plan to invest in - good, mediocre, poor? If you plan on renting to young families, look for the BEST school system you can find.
•HIGHWAY OR FREEWAY ACCESS: Is the single-family home near a major highway or freeway leading to areas in which jobs are plentiful? The shorter the distance the renter has to drive or use public transportation to go to work, the easier it is for you to rent your unit. And the closer the unit is to major roadway access, the higher the rent you can charge.
•SHOPPING FACILITIES - MALLS, SUPERMARKETS, CHAIN STORES: Again, the closer your single-family home is to good shopping facilities, the easier it is for you to rent. And the higher the rent you can charge per unit!
•POLICE PROTECTION: A good police force that keeps a lid on crime will help you rent sooner and be able to charge a higher rent. Low-crime areas are highly desirable to all renters - everywhere. SPORTS FACILITIES rate high with young families today. Soccer fields, basketball courts, swimming pools, baseball fields, hockey, and skating rinks all add to the ratability of your units. And each facility helps you raise the monthly rental by a few dollars.
•RELIGIOUS ORGANIZATIONS that are nearby increase your rental chances and the level of rent you can charge. So the closer your single-family home is to various houses of worship die better your business will be!
•RESTAURANTS, CLUBS, AND BEACH FACILITIES will all make your single-family home more rentable when they are nearby. So check them BEFORE you buy!
•TRANSPORTATION FACILITIES are very important to some renters who do not own or cannot afford an automobile. Closeness to trains, buses, trolley lines, etc., will increase your rental income. Again, check BEFORE you buy!
•PARKING SPACES: Don’t buy a single-family home that has less than two parking spaces. Why? Because today’s families are usually made up of two working spouses. Without parking facilities for two or more cars, renting the property is extremely difficult. BEDROOMS: Avoid single-family homes with less than two bedrooms. One-bedroom homes are much more difficult to rent than homes with two or more bedrooms.
•BATHROOMS: Look for single-family homes with at least one and one-half bathrooms. Single-bathroom homes are hard to rent to tenants today.
 
Your Keys to Real Estate Riches

•Start with the possible and grow bigger. Small is better at the start. You’ll learn your “trade” from single-family homes and can “graduate” to larger properties after you have a few years of experience. Know the numbers of your single-family wealth building. No matter how much you might dislike numbers, they become interesting and easy when they’re about your money!
•Ten single-family homes can give you the same income as a 10-unit apartment house. But it’s much easier to get the 10 homes than the apartment house!
•Set up a Real Estate Riches Success Book to keep a record of your activities in searching for, evaluating, and buying your single-family homes.
•There are thousands of loans available for single-family homes. And some First-Time Home Owner Loans offer 100 percent financing to you.
•Private lenders can be helpful to people without credit and to people with low credit scores. So be sure to include such lenders in your financing plans.
•NEVER PAY FRONT MONEY for any loan! It is NOT NECESSARY to pay front money or advance fees to get any loan.
•Remember the keys to successful renting. They include schools, stores, transportation, sports facilities, parking spaces, and number of bedrooms and bathrooms! Provide what renters want and you’ll get rich sooner than you think!
•Be certain to have every home checked for lead paint, mold, termites, and plot pollution BEFORE you buy it! Your real estate attorney will remind you of these hazards. But in case he/she doesn’t, we DID remind you!
•Never buy an income single-family home until after you have studied the Seller Questionnaire required by some 30 states today. It tells you what defects the seller knows of that you might have to spend money on for repairs. BUYER BEWARE!