5 Tips on How to Buy Investment Property Profitably - Do you want to discover the tips it takes to be a profitably property investor? This article will give you 5 key tips that can turn you from a complete novice, to a seasonsed professional in as minimal a time as possible. |
|
Business Related Topics...
Computer Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
Shopping Related Topics...
Would you like to submit articles to our site? Have a question or a problem?
You are here: DIME Home > Real Estate > 5 Tips on How to Buy Investment Property Profitably
Do you want to discover the tips it takes to be a profitably property investor? This article will give you 5 key tips that can turn you from a complete novice, to a seasonsed professional in as minimal a time as possible.
Author: Carlton Johnson
Date: Jul 30, 2009 - 3:03:27 PM
Are you interested in discovering how to buy real estate investment lucratively? This piece of writing will give you 5 top steps that will help you to do well and create cash from your real estate investments.
Below, you will discover the 5 steps that have the potential to make you into a profitable property investor
1. This is one of the keys to the whole thing. You have to do your due diligence correctly. If you are planning on becoming a landlord you need to make sure that there is a rental requirement in that particular area. If you are thinking about flipping the real estate, then you need to make sure that there are masses of buyers.
2. Try and talk to a few people in the business and get an overall view. Don't just believe what one so called specialist says and take it as gospel. You have to make sure that you are aware of all the ins and outs and that includes things such as:
- What are the best properties to buy in the area
- What location is the one to choose
- What type of tenant to aim for
Lots of people find out that it is only after they have spoken to a few other experts that they start to be aware of the whole picture themselves.
3. Obtain comparables for everything related to the property purchase. That means getting sales price and rental estimate comparables as well as specific property comparables.
4. Make sure you have your finances in place so that you can move quickly on a real estate deal if it arises. Having your finances sorted out also gives you peace of mind and more motivation to actually discover a quality property deal.
5. Employ the right professionals. That might might mean builders, solicitors, contractors, or someone else, skimping on taking on skilled people to do a job correctly can cost you a lot more money than you expect. Just because someone is cheap, doesn't mean they can do a first-rate job and just because someone seems pricey doesn't mean that they can do a better job than someone who is cheaper.
With any luck, by reading this article you now have a clearer perceptive of how to buy investment real estate that will build you long-term profit, as well as perhaps creating a quick buck for you in the here and now.
Do you want to discover some of the jealously guarded secrets of the property millionaires? Visit the
<a href="http://www.investment-property-guru.com">Investment Property Guru</a> website for all the free advice and tips you can handle.
Tampa Bay Real EstateJul 14, 2011 - 6:00:53 PM The Greater Tampa Association of Realtors Market Report shows a total of 1958 properties (single family homes, condos, villas, and townhomes) sold in the month of June, down only 1% from last month. However when compared to June of 2010 this represents a decline of nearly 11%. Properties less than $50,000 continue to take up the bulk of the market as investors come in to buy up these great deals. They accounted for 17.5% of sales or 342 properties. Properties priced between $200,000-$249,999 represented 9% or 173 sales. The lowest segment to move were homes priced between $800,000-$899,999 with three units sold or .15% of market share.... [Read the full story] |
Where To Start When Buying A HouseJul 13, 2011 - 3:44:21 PM On the subject of the acquisition of a brand new home, there can be a whole lot of confusion, especially if this is your very first property. Among the best possible things you are able to do for your self is to make sure that you are getting the absolute best head start. So many individuals wait till they're in the middle of the home purchase before they start to worry about their credit. Your credit score is the very first thing you want to look into before you begin taking a look at potential homes for yourself. This gives you enough time to correct any mistakes that might be found in your credit score report. If you do not find out about such errors... [Read the full story] |
10 Things To Look For In A Real Estate AgentJun 22, 2011 - 9:19:02 AM Whether it's your first time or fifth time, buying a home is a huge life change. Having a great real estate agent is paramount in making the purchase as easy and enjoyable as possible. So what determines a great real estate agent? This list of ten qualities shows some of the characteristics every home buyer should look for.... [Read the full story] |
Toronto Lofts.Jun 6, 2011 - 7:41:21 AM If you have been searching for a good lofts and condos in the downtown area of Toronto, TorontoUrbanReality.com is your guide to it. The lofts listed by us in several sought-after locations in Toronto are a resource for people to check out the places which will suit them.... [Read the full story] |
Search for articles: |
Latest Articles in All Categories |
Putting Up a Small Commercial Printing Business |
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
Meditation and Mindfulness: Dealing With Emotion |
CPA Websites: Five Essential Ideas for Composing Convincing Articles |
Set Goals In Order to Come Up With Your Action Plan |
Is the Air in Your Home Safe to Breathe? |
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
Section 1031 Exchanges For San Diego Real Estate Investors |
Phoenix Real Estate Investing For Highest Possible Earnings |
Legendary are the Volk Racing TE37 Wheels |
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
What are step down transformers? |
Introducing Sharehype, the Revolutionary Tool for Online Marketers |
Rewards To Shopping For Austin Real Estate On The Web |
Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
Disclaimer: Dime-Co.Com is an online information article and video article network. All articles, video articles, comments, and other features herein are for informational purposes only and are provided "as is" without warranties, representations or guarantees of any kind. The views and opinions expressed in an article, comments, links or blogs are the author's own, and not necessarily those of dime-co.com's owners. For full disclaimer, please read our TOS.