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
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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
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in real tend to can rest Before
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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
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neighborhood.You want a property that essentially pays
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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
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enoughinvestment properties. including the
to cover your monthly costs,
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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
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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. Find a property that’s in the type potential investors to consider a host of factors before
want a fixer-upper, while others prefer turnkey properties
outweigh your own personal feelings of condition you’re comfortable with. If you decide to investing in a property.
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LOCATION
Many people are familiar with the real TO industry
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axiom, location, location, location. When buying an
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go with a fixer-upper, learn the cost of your potential
projects before submitting an offer.
COST
Real estate makes a great investment, but don’t
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Before making an offer on a property, research rents in
the area and the cost of insurance in that particular
neighborhood.You want a property that essentially pays
for itself, so make sure the rent you’re likely to collect
CONDITION
is enough to cover your monthly costs, including the
Shane Mask
mortgage on the property, insurance and the costs
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associated with managing and maintaining the
that won’t require any elbow grease. The former type of
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it’s time to renovate. Find a property that’s in the type potential investors to consider a host of factors before
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