Buying Investment Property
- Introduction
- Financing Your Investment
- So You Want to Be a Landlord?
- Is Professional Management Right for You?
- Buying the Right Type of Property
- Finding the Right Property in the Right Location
- It's Number Crunching Time
- Uncle Sam: Your Partner in the Deal
- Other Real Estate Investments
- Converting Your Principal Residence
- Some Helpful Hints
Finding the Right Property in the Right Location
Once you decide which type of property you want to own, the next step is to find the right location. What do we mean by the right location?
Think of yourself as a potential tenant. Would you rent an apartment or condominium in that community? Is it close to major avenues of transportation such as buses, trains, or highways? Is the neighborhood desirable? Of course, what is undesirable for one person may be perfect for another. If you think the area would make it hard to attract tenants, then consider buying somewhere else.
Does the current owner have problems attracting and keeping tenants? Don't be afraid to ask pointed questions; this is your money at stake. You would thoroughly evaluate any other type of investment you are considering, so be persistent and if you don't like what you hear, walk away and look elsewhere.
IMPORTANT NOTE: It is risky to rely on the possibility of appreciation alone when purchasing a rental property. The income generated from renting the property is the more important consideration. If the value of the property rises, this is an added bonus.
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Securities and insurance products are offered through INFINEX INVESTMENTS INC. and its affiliates, member FINRA/SIPC. Infinex Investments Inc. and Exchange Investment Services, Inc. are independent entities.
Securities and insurance products are offered through INFINEX INVESTMENTS INC. and its affiliates, member FINRA/SIPC. Infinex Investments Inc. and Exchange Investment Services, Inc. are independent entities.
Not FDIC Insured | Not Bank Guaranteed | May Lose Value | Not Guaranteed by any Government Agency | Not a Bank Deposit
This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. registered representatives. Infinex Investments Inc. registered representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all the investments and services mentioned are available in every state.
