What To Consider If You’re Buying An Investment Property
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Consider that new new
“What investors looking for a long-haul investment will do is they will actually eyeball new construction opportunities. It’s brand new, nobody has ever lived in it. It’s going to have some warranties on it for a while. You get a chance to hold it long enough before it even starts needing significant things like roof work, air conditioning work, water heater type issues, and major mechanical issues,” Head says. “You have a good amount of time to store up money on your reserves for your passive income. I say that because not everybody is going to gravitate toward multi-unit properties. Some are going to gravitate towards condos because they don’t have to do anything to the outside. The association does most things.”
