Tired of the volatility of the stock market but want to grow your nest egg or you want to take advantage of the recent real estate crash, then an investment property might just be right for you. But how do you go about buying an investment property or rental property?
When buying property solely as an investment there are a number of things to take into account, both short and long term. From where to buy property, to who will manage and live in the property you’re purchasing. That’s where we come in, we are here to help you research, learn, understand, and eventually buy an investment property that fits your needs both financially and in terms of your own investment goals.
A few things you’ll learn and need to understand when looking to purchase an income generating property:
As they say, there’s only so much available land, right? When you buy property or real estate, it's a wise investment in the long run for a number of reasons: tax benefits, how you can leverage other people's money, appreciation (if you make the right selection), and then cash flow via rental payments. But you've got to buy the right property!
"Landlords grow rich in their sleep."
-John Stuart Mill
“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
"You simply adapt your strategy and techniques to whatever new market conditions are emerging. Savvy real estate investors ignore the media chatter about bubbles and peaks, hard times, and depressed markets. Intstead, they work the available opportunities--no matter what type of market they face."
-Gary W. Eldred
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
-Franklin D. Roosevelt