Buyers Considering Buying Investment Property. Is it a Real Good Deal?
By Frank Rubi, FrankRubiRealEstate.com
(Frank Rubi Real Estate, LLC)
Buyers who are considering buying investment property. Is it a really good deal Whether buying investment property is a good deal depends on several factors: Location: Prime locations with high rental demand can offer better returns. Market Conditions: Analyze if the market is favorable, including property prices and rental rates. Property Condition: Consider the cost of repairs and maintenance. Financing: Look at interest rates and loan terms to ensure they fit your financial situation. Return on Investment (ROI): Calculate potential rental income versus expenses (mortgage, taxes, insurance, maintenance). Long-term Potential: Consider the property's potential to appreciate over time. In my local market, we have always used 5%. Rent Analysis: Research Comparable Rents. If these fa...
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