Now might be the time for you to invest in some rental property, and a single-family residence could be the investment that will work best for you. When looking for a home to invest in, consider a few factors to check carefully before making that offer.
Price. Look for properties that are in good shape but are underpriced, perhaps because the sellers are in a hurry or have incorrectly estimated the value of their home. Some sellers need to move their property quickly for personal reasons. If you are alert, and keep an eye on the market, you can find these bargains.
Location. Areas with low crime rates, good schools, employment opportunities, proximity to public transportation and shopping areas are ideal. Drive through surrounding neighborhoods. Check the school ratings. Is there retail nearby? Is the potential residence the best in the neighborhood or the worst?
Improvements. If you will need to make improvements or upgrades on your purchase, be sure that you know how expensive or time-consuming they will be. Rely on professionals to inspect a possible purchase and to advise you of areas of concern.
Rate of Return. A good investment offers a solid rate of return. In real estate, this capitalization rate can vary by area, but usually ranges between 4% and 10%.
Property Manager. With the competitive pricing and guarantees at RPM Premium, you can be confident that your real estate investment is in the right hands.
Don’t forget you can find us online at www.rpmpremium.com
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.