Whether you are looking for house to fix up and sell or you want to get into property management by becoming a landlord and renting, investment property can provide you with additional income and increase your quality of life. It can also be a nice little nest egg in your retirement portfolio.
There are many types of investment property-land, single-family homes, duplexes, town homes, apartment buildings and more. And, like any investment, there are always potential consequences, both positive and negative. So the more time you spend educating yourself about the process, the less risk and greater potential for profit you'll have. One of the best things you can do, when considering investment properties, is to work with a real estate agent who understands all the ins and outs of purchasing, maintaining, managing and upgrading these types of properties.
In addition to being a Realtor, I have over 15 years of experience buying, remodeling, selling and managing investment properties. I understand first hand about cash flow, depreciation, taxes, net operating income and return on investment. Plus, I have a team of financial and home service professionals who can assist you with all or part of what it will take to build or maintain your property investment empire.
Because investing in property is a complex process, I recommend we begin exploring the pros and cons by spending an hour or so together in a free, no-obligation consultation. Take a moment to fill out this simple questionnaire. After I review your answers, I will contact you to schedule a time to discuss your plans, motivations, thoughts and anticipated outcome. If you want some light reading regarding the subject, just say so and I will forward you several article which talk honestly about the pros and cons.
Want to start analyzing on your own? Here's a link to one of many handy on-line calculators, designed to examine the potential return you might receive from an investment property.