Investing in real estate can be a hair raising experience sometimes. Do you buy this home or that home? Do you get one that doesn’t need a lot of work or do you get one to totally redo? Real estate investment should be fun and profitable. Let’s take a look at some of the things you should include in your real estate investment decision.
- Take the time to talk with me or whomever you choose as a realtor to find the right property and then jump! The average home appreciation in Fort Lauderdale is 13.3% for 1 year. So waiting is not in your best interest right now.
- Determine how much work you want to put into your investment property. This will be determined by how handy you are or how good you are at picking a reliable handy man.
- Pick the newest old up and coming neighborhood. Look let’s face it. There is only so much land available and older neighborhoods are becoming more popular. So finding the right home in one of these neighborhoods is ripe for the picking right now. I can help you do just that when determining the right real estate investment property to purchase.
- Don’t go into it as a quick fix. Real estate investment can set you up for retirement well in advance of retirement age if you do it right.
- Be the best landlord you can be. There is nothing more frustrating than having to re-rent a real estate investment property because you can’t keep good tenants. This could be for multiple reasons. Just make sure it isn’t because you are a bad landlord. Talk with them and work with them.
When done right, real estate investment can be fun. Stay tuned for my next post on the top 10 ways to insure a real estate investment stays rented!
Talk to you tomorrow,
Christine
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