Looking for an Investment Property? Look for These 4 Things.
The real estate markets has huge potential for Investment. Whether you are looking to generate cash flow, diversify your portfolio or creating your retirement plan know what to look for before investing.
1. What is the projected income? Will you be able to cover the mortgage and still have money left over. What is the going rate for rent in the area and properties like yours.
2. If there are current tenants what is the situation like. Are they on a lease or month to month. Do they pay on time? Does their current rent match the market value?
3. What is the overall condition of the property? Minor repairs are to be expected but replacing the whole sewer system can be costly.
4. Are the utilities combined or separated. If they are combined you are going to have to add that on to the rent.
Once you own the rental property are you going to manage all the tenants, maintenance request or showings or are you going to hire Real Property Management Solutions to make owning your rental property a breeze.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.