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"We have been extremely satisfied with the Mathias Team, with their effort, knowledge, understanding, professionalism, and dedication in the pursuit of their customer's needs."
Ken Lakhi President Lakhi Homes
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Investment Real Estate >Investment Real Estate
While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?
Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.
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What price range is considered upscale or high-end in residential real estate?
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The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales. |
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