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What to expect if you’re thinking about buying an investment property

Many people dream of owning real estate that nets them a rent check each month, but knowing what you might actually make and how to get started as a real estate investor aren’t always that easy to understand. “As you gain experience, your returns should improve as well as your knowledge of tax implications, which are generally very favorable for real estate investors,” says Edward Mermelstein, an attorney and private equity and luxury real estate consultant. “The range of investment needed will depend on the market, so you can expect $500,000 to $1 million that will need to be deployed to earn $50,000 per year,” says Mermelstein.

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