Real estate purchases have made many people wealthy, but as with any purchase or investment, you should be aware of the risks involved. Whether you’re buying a turn-key rental property, plan to fix and flip, or otherwise, choosing a high demand location is almost always a good choice. Here, we will discuss 6 things you should do prior to buying real estate.
Memphis offers an affordable real estate. It is currently a rapidly growing region that attracts a diverse population, making it a great choice for real estate investors.
If you’re new to real estate investing, there is no doubt that you may be overwhelmed by the various terms and restrictions out there that impact you. When in doubt, it’s always helpful to get a property tax lawyer or another industry expert on your side to answer your unique questions, but before you get to that point, there is a lot of info you can uncover on your own.
Did you know that there are grants that can help real estate investors with the acquisition of investment property? Did you know there are programs that will pay above market rent for your investment property?
There are passionate advocates for both of these types of properties. How do they really stack up? What are pros and cons of each option?
Have you ever wondered, why certain storefronts, and apartments, etc, seem to remain vacant, longer, than other similar ones, which might be owned by different owners/ landlords? Different owners seem to have differing philosophies, perspectives, and points of views, when it comes to key components, including: pricing; tenant quality; occupancy rates; and overall cash flow requirements, and priorities.
Many who are starting out with rentals seem to get the broad concepts but don’t quite understand how to reverse engineer replacing a set dollar amount of income.
When your reputation is blossoming and is pristine, you don’t have to spend money on marketing, advertising, or lead generation. We get inundated every single day with people who want to work with us, all because they did a quick Google search and saw how positive all of our reviews are.
You see, many people want to invest in real estate, but they also want to live in a great location where rental properties don’t make a lot of sense. They want to enjoy the sun, the city, the lights — but they want cash flow from rental properties that they’ll never find in their backyard
No matter which way you slice it, you’re in the business of turning a profit. You didn’t become a landlord as some saintly act of giving back to society. You did it because you want to put your money to work and generate income. Unfortunately, you may be making costly mistakes that are killing your profitability.