Investment Goals
Sure, the real estate market has completely changed in the last three or four years, but the questions you should ask and think about remain the same.
Moreover, for the savvy investor, there are some great buying opportunities out there. But don't take anything for granted, especially in today's market. If anything, ask more questions than you normally would and set out a solid plan before you start buying property.
The days are gone where you could buy property with no money down. Nowadays most investors have to put down upwards of 25%. However, if you're buying a property that was once worth double what you're paying for it now, and below even the average selling rate in the area, a big down payment isn't so bad if there's a bid upside based on the low purchase price.
1. What goals are you striving for with your real estate or investment investment?
• Long term appreciation
• Short term appreciation or gain
• Cash flow
• Combination of cash flow and appreciation
2. How much risk do you want to take on--what's your tolerance level?
• High tolerance
• Medium tolerance
• Low tolerance
• No tolerance
Take a look at these key questions to ask and think about before purchasing an investment property. Visit these pages below for specific things to think about for each category related to your investment.
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