974: Never Buy an Investment Property Over the Appraised Value - Episode 974

Investors are being told that if they want to get into the rental real estate business, they should buy a rental property above the appraised value. There are companies out there preying on investors by selling properties at a premium, retaining a percentage ownership, and charging for coaching or membership. This is a horrible idea, and on this episode I'm going to tell you why.On this episode of Investing in Real Estate, you're going to learn why you should never buy a rental property above the appraised value. I'll also share some red flags to look for when you're teaming up with a real estate company. Click play to hear my thoughts!