The Rockdale News Digital Edition March 25, 2015 | Page 5

OOK FOR IN AN INVESTMENT about the home, especially if you do not intend to live go with a fixer-upper, learn the cost of your potential at the property. You will likely define great location WHATan investment property differently athan you would projects before submitting an offer. TO LOOK FOR IN AN INVESTMENT about the home, especially if you do not intend to live for property. You will likely define appreciation rate for real estate is PROPERTY. intend to live in, so don’t let your COST at the investment property differently a great location a property you n when the housing market declines, for an than you would own desires a home cloud rate for real estate is Historically, the inappreciation your judgment when Real estate makes a great investment, but don’t stors in real estate can rest easy a property you intend to live in, so don’t let your choosing an investment property. Properties in safe roperty values tend to rebound rather strong. Even when the housing market declines, very neighborhoods that boast good schools and offer easy go overboard when buying an investment property. own desires in a home cloud your judgment when ng patient investors in the process. long-term investorstransportation estate make great easy making an offer on a property, research rents in in real tend to can rest Before access to public the area choosing of investment property. estate as a long-term investment is just investment properties. values tend to rebound rather and the cost an insurance in that particular Properties in safe knowing that property neighborhoods that boast good schools and offer easy neighborhood.You want a property that essentially pays oach a potential investment property. quickly, rewarding patient investors in the process. so make sure the rent you’re likely to collect are a few additional considerations CONDITION for itself, access to public transportation tend to make great vestors should contemplate before The at real estateproperty also must be considered isisjust enoughinvestment properties. including the to cover your monthly costs, Looking condition of the as a long-term investment tment property. before buying an investment property. Some investors mortgage on the property, insurance and the costs one way approach a potential investment property. want a fixer-upper, while others prefer turnkey properties The that won’t require any elbow grease. The former type of associated with managing and maintaining the property. following are a few additional considerations Real reap great rewards when e familiar with the real estate industry property likely won’t cost should as a fully renovated beforeestate investors often of the property also must be considered prospective investors as much contemplate The condition selling their properties. But it’s still important for , location, location. When buying buying an investment property. might be lost when an property, but those cost savings before buying an investment property. Some investors perty, location is everything. A great it’s time to renovate. 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