Buying investment property is different than buying an owner-occupied home. For one, investment properties are designed to make money as rentals, which means you must look at it solely as an income producing entity and not get attached to it like you would the home you live in now. In addition, owning an investment property brings with it a whole host of new responsibilities that also bring additional expenses, like paying for additional insurance, holding the property in a protective manner like an LLC, plus you will have to either hire property management, or do that duty yourself.
Investment properties do have the potential benefits of providing you with additional rental income, security, and allow you to see and closely manage your investments. With a conservative, thoughtful approach, almost anyone can position themselves to purchase an investment property and grow their investment portfolio in a positive manner. Contact me at anytime if you would like to discuss all facets of searching for, buying, and owning investment property.
|Homes for Sale||3,120|
|New Properties Today||22|
|Days on Market||90|
|Avg List Price||$288,787|
|Med List Price||$205,000|
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