What is your investment criteria when buying investment property

What is your investment criteria when buying investment property

What is your investment criteria? Can you buy a house for rent the same way you buy an apartment building? This is a question I receive a lot when a client asks me to help them find their first rental property. Hello, everyone, I’m Rich Barnes, owner-broker of Realty Experts in West Allis, Wisconsin, 53214, and I’ve been helping investors buy and sell property for over 21 years. And defining your personal criteria for real estate purchases is a vital step in the successful real estate investing. This is important you start asking yourself these kind of questions before jumping in to buy a property. What is your real estate investment strategy? Is your goal cash on cash returns, buy, hold, and rent, house flipping, or wholesaling? What is the level of return of cashflow that you want to achieve with your investment? Your budget may be surprisingly difficult to define. Property sizes like single family, townhouses, condominiums, fourplexes, multi-families? Desired property characteristics are the property-specific characteristics that you can give your realtor at the beginning. The process of buying your first rental could be enjoyable or it could be a nightmare if you don’t know what you’re looking for. A lot of people start looking for something that they do not know. And do not worry. There is never any pressure or obligation to meet with us. We are only here to help find the best strategy when it comes to buying and selling investment property. I hope to get news from you soon. Again, this is Rich Barnes with Realty Experts and feel free to reach out to us, as we are here to help. And as always, you can relyonrich.com. Thanks and you have a great day.

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