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Choose the Right Soil for Growth
Owning rental properties requires careful market selection, analogous to gardening where the right soil is essential for plants. Success in real estate investing hinges on two primary criteria: strong demand and affordability. Strong demand ensures that there are enough tenants to keep rental properties occupied, allowing owners to increase rents over time. This is rooted in population growth and the quality of jobs in the area. Affordability complements demand, ensuring that the costs associated with owning and operating rental properties remain manageable, enhancing cash flow and long-term wealth accumulation.