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Information for Investing: Thinking of buying an investment
property? When it comes to investing or being a landlord,
everybody has certain goals and aspirations. However, we have
found that there are certain guidelines every aspiring owner
needs to know:
1. Compare. Statistics only
go so far; the best measure of a property's market value is
generally the sale prices of nearby properties. The same holds
true for area rents. Remember, renters who can afford a high
rent can afford to buy instead, so reasonably priced rent is a
need.
Caveat: Tax Laws Change.
Tax code is constantly changing, and a good investment is a
good investment regardless of the tax code. The right property
with the right financing is what you should look for as an
investor. 1031x is a good vehicle, but it
changes.
2.
Start with something you know. Begin with an area and type of
property you are familiar with. Whether you focus on
single-family homes, condos or townhomes; starter homes to
retirement next events, you will benefit from experience by
specializing in one aspect of investment real estate
properties.
Read more
here.
For an
overview of our Property Management Services and Fees, Click
Here
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