5 TIPS FOR BUYING INVESTMENT PROPERTIES

Dated: 03/07/2019

Views: 141

Image title

Investing in real estate is exciting, but there are many important things to take into account before you buy your first investment properties. Here are five tips for investing in real estate:


1: Look for good investments

Look for any real estate property that increases your net worth and gives you a fair rate of return on your investment.


2: Avoid fixer-uppers

Fixer-uppers may be tempting because of their lower prices. If you want to get a rental property, it is more cost effective to pick a well-maintained house.


3: Overestimate the costs

Between repairs, maintenance, and upgrades, property ownership is expensive. Always plan on spending more than you think you’ll need to.


4: Buy In Your Area

Unless want to hire a property manager, it is a good idea to buy property nearby. This will make it easier for you to check on your property and make sure everything is going well.


5: Buy properties you love

Owning properties takes a great deal of time and effort. If you love the property, it will be easier to put in the work.


If you are interested in investing in real estate, our agents would love to help you.  To speak with one of our BMP Network agents, click HERE.


BMP Network is a Real Estate Team under Keller Williams. They excel in meeting the real estate needs of buyerssellers, and investors in the Kingman, Bullhead City, Lake Havasu City, Parker, Mohave County, AZ, and Las Vegas, Henderson, Laughlin, NV areas. BMP Network in now HIRING - Apply Now


Image titleTwitterInstagramYoutubePinterestLinkedIn

Google Plus

 


Want to Advertise on this Site?

Latest Blog Posts

Mohave County Events Oct 19th Oct 20th

Enjoy these fantastic weekend events!Lake Havasu City 42nd Annual Relics & Rods Run to the SunOctober 19th, 2019 @ 9:00am - October 20th, 2019 @ 10:00am1477 Queens BayLake Havasu City, AZ

Read More

Five Signs You Picked The Right Real Estate Agent

Sometimes it can be hard to tell if you've made the right decision when picking your real estate agent. However, there are some clear signs that you picked a good one. Here are five of the top signs

Read More

What To Do To Avoid Mortgage Delays

When shopping for a home you want to make sure that you have your mortgage go through smoothly. There are certain steps you can take to help make sure that there are no delays in the mortgage.

Read More

Tips When Buying Newly Built Homes

That shine newly built home might have you excited, but there's a lot to consider when buying a new home. You're looking for a house that's up to date and a good fit for you. Before you buy a

Read More