The decision to become a landlord is certainly exciting – the search for a property, marketing for a tenant and potential to bring in money every month.
But before you go buying the first empty house you see – or worse, a house you didn’t even look at – know that your investment is better made when you’ve carefully run the numbers.
Even when you’re just renting out a single-family home or duplex, real estate investment isn’t as easy as it may seem. A smart investment requires a look at market rents, a calculation of income potential and consideration of additional costs to both prepare a property to rent and make long-term repairs.
That’s not to mention factoring in costs you would have to absorb if the property sat vacant for any period of time. Bryan M. Chavis, a property management consultant and author of “The Landlord Entrepreneur: Double Your Profits With Real Estate Property...
We all know the great benefits of investing in real estate: cash flow, tax write-offs, access to leverage, and a hedge against inflation. But what happens when you have a property go vacant? What happens if you want to invest in something that is too large for your portfolio? For many years, Real Estate Syndications have been providing a straightforward answer to all these potential problems and more.
Diversification is the main reason investing in real estate is important for everyone planning for his or her financial future. However, because even inexpensive properties can range from $50,000-$80,000, many investors consider investing in real estate syndications in order to get better diversification within the real estate asset class.
When you invest in real estate syndications, you are able to pool your money with other investors in order to purchase multiple properties. This strategy allows you to experience the benefits of diversification within...
Investing in apartment buildings brings about unique benefits that are not experienced in other types of niches. Join our free webinar to find out if owning an apartment complex is right for you, as well as tips and tricks on how to get started successfully.