Making the most of your real estate investment
2. Partner with someone who has investment experience. Find a real estate agent has previously dealt with investment properties or has investment properties of their own. This also helps in knowing what you can expect beforehand.
3. Look for the right location. This means finding a highly populated area that will attract renters. Don’t go for a rural property; it will be harder to rent out!
4. Have capital lined up. Talk to your bank and make sure that you are ready to invest in this property and if you plan on having partners, be sure they are informed.
5. Build a great supporting cast. If you plan on managing the property yourself or hire a property manager, make sure you have plumbers, electricians etc. so that you are prepared to protect your investment when something goes wrong.
As always, if you have any questions regarding real estate, please give me a call or send me an email. Thanks and have a great day!