Helpful Hints For Investing
Doing your homework. If you have decided that you would like to start investing in real estate, whether it’s your first home or rental, it’s really important that you do what’s called due dilligence. There is so much to learn and research so that you don’t land up with a bad investment. That’s why it’s important to work with a Realtor that has experience and has made purchases for “investment” for themselves and others. I have experience as being an investor along with specialized training. I am willing to share my knowledge for those of you that are interested. Feel free to call me for an appointment to discuss this topic further.
My first tip for a real estate purchase- really find out about the neighborhood. Talk with the neighbors to find out about the past for that neighborhood. For example, the home or property you are interested in- was it a previous landfill, mitigated wetland, gas station, etc. Some of those examples can have an effect on the properties resale value or future problems (not all are if they were handled properly and safely).
Brief commentary on my values
Greed and investing are a bad combination. I do not promote mortgage fraud or get rich schemes. I do believe that purchasing real estate with due diligence can be a great investment. It is not always the best investment avenue for the some, especially someone who likes to invest and then not think about it again. As with any investment-someone should always be monitoring the investment.
More investment tips coming soon! You are welcome to comment and/or make suggestions.
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