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Making the most of your real estate investment

Making the most of your real estate investment

There are many great Gillette area homes for sale. Click here to perform a full home search, or if you’re thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today’s market. You may also call me at (307) 250-4382 for a FREE home buying or selling consultation to answer any of your real estate questions.
I have been frequently about what the right time would be to invest in Gillette real estate. Well, now is the time to invest in real estate; home prices are lower than they were two years ago and interest rates are remaining low. If you’re looking for the perfect investment property, now would be a great time to do so.If you’re a first time investor, there are a few things you need to know:1.    Know your options. Do you want a single family home, multiplex, etc.? You need to know what’s out there and what you feel comfortable with.

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!

Summer Robertson

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