𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙩𝙝𝙚 𝙈𝙤𝙨𝙩 𝙄𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩 𝙁𝙖𝙘𝙩𝙤𝙧𝙨 𝙛𝙤𝙧 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙄𝙣𝙫𝙚𝙨𝙩𝙞𝙣𝙜.
There are numerous other factors that help determine if an investment is right for you. Here’s a look at some of the most important things to consider if you plan to invest in the real estate market.
1.𝙋𝙧𝙤𝙥𝙚𝙧𝙩𝙮 𝙇𝙤𝙘𝙖𝙩𝙞𝙤𝙣. (𝙒𝙝𝙮 𝙄𝙩’𝙨 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩)
The adage “location, location, location” is still king and continues to be the most important factor for profitability in real estate investing
A key when considering property location is the mid-to-long-term view regarding how the area is expected to evolve over the investment period.
2.𝙄𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩 𝙋𝙪𝙧𝙥𝙤𝙨𝙚 𝙖𝙣𝙙 𝙄𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩 𝙃𝙤𝙧𝙞𝙯𝙤𝙣: (𝙒𝙝𝙮 𝙞𝙩’𝙨 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩)
Given the low liquidity and high-value investment in real estate, a lack of clarity on purpose may lead to unexpected results, including financial distress—especially if the investment is mortgaged.
𝙒𝙝𝙖𝙩 𝙩𝙤 𝙡𝙤𝙤𝙠 𝙛𝙤𝙧? Identify which of the following broad categories suits your purpose, and then plan accordingly:
𝘽𝙪𝙮 𝙖𝙣𝙙 𝙨𝙚𝙡𝙛 𝙪𝙨𝙚:. Here you will save on rent and have the benefit of self-utilization, while also getting value appreciation.
𝘽𝙪𝙮 𝙖𝙣𝙙 𝙡𝙚𝙖𝙨𝙚. This offers regular income and long-term value appreciation.
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