Have your capital lined up.
Talk to potential lenders and your accountant about whether you have enough assets to handle the fluctuation that could come with investing
Establish a wide base of support.
Line up maintenance and repair services now instead of waiting until something happens at the property and have to scramble to find someone. Find an attorney to consult on tenant issues and an accountant to help understand the tax ramifications of investing.
Know your options.
Since not all investment properties are the same. It’s important to determine what type of property fits your budget and your investment strategy. Are you interested in becoming a landlord or would you rather restore and resell properties? Are you interested in residential, apartment buildings and other commercial real estate, or in buying land that can be developed? Our team at Fresh Start Properties can help you determine what’s right for you.
Let us help you find the right location.
You’ve heard it said that the three “L’s” of real estate are LOCATION-LOCATION-LOCATION. This is especially true when considering investment property. Properties in high rent of highly populated areas are usually ideal. Proximity to public transportation, shopping and other amenities will attract renters as well as potential buyers if you decide to sell later. Our team at Fresh Start Properties will help you evaluate the market conditions and find the right location.
Whatever you decide, buying investment property is an entirely different experience than buying your primary residence. Having the right team in place to help you through the process is an important part of your investment strategy.