What To Consider If You’re Buying An Investment Property
- By
Julia Austin
Source: Westend61 / Getty
A few other things to consider
“Some investors will spend money to get a place to how they want it to look, so also think about how much you want to spend preparing this property to rent out,” Head says. “Also be thinking about whether you want a property that’s already rented. Then you don’t have to fill it….but for long-term, when it’s time to sell it, where it is is relevant. If it’s up on a steep hill, that will be a detractor. Maybe it was a great deal when you found it, and you don’t personally want to live in it, a tenant will, so you think that’s no big deal. But you want to sell it one day, so it is a big deal.”
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
