3 signs a residential property is a wise investment

If you are a commercial real estate investor, you likely know the basic principles of what to look for in a prospective property. You want an investment that is in good condition, priced reasonably and can be ready to rent quickly. These factors are not the only ones you should be taking into consideration, though.

Being choosy when it comes to your investments can make all the difference in your profits. You only have so much capital to invest, so you want to get the highest returns possible when you are in the market for a residential property to lease. Consider the following criteria during your hunt.

1. Neighborhood is trendy

You have heard it many times: location, location, location! Yes, location is of the utmost importance when it comes to selecting a residential property to invest in. According to Fox Business, this is true because proximity to amenities, entertainment and other attractions is priceless to potential renters. You can pinpoint the best location by scoping out properties in your city’s trendiest neighborhoods.

2. Taxes are low

You have found a property in a great part of town, but what else should you research before making the plunge? Consider the property taxes that may impact your profit. Tax rates can vary wildly from one area to the next, so you should always find out what rates will be applicable to the property that interests you.

3. Vacancies fill fast

Do some research before making any decisions to see how quickly vacancies generally fill in the area of your prospective property. Even if it is in a good area and otherwise seems promising, it might surprise you to find that renters do not always flock to open apartments. Consider how this might impact your profit so you can make a fully informed choice.


To Our Valuable Clients:

The federal government has recently enacted legislation to assist citizens and businesses facing uncertain financial challenges due to COVID-19. We are here to help answer questions and guide you through the details of the various processes to procure financial assistance from our government. The acts are very new and more will probably be coming. But they currently provide for dollar for dollar tax credits for payroll for COVID19 related payroll, cash advances and loans that have tremendously favorable terms and in some cases, total forgiveness of the debt.

Please stay as safe as possible during this terrible crisis and if we can help you with questions about the new federal assistance laws, please contact us.

We Can Tailor A Solution To Meet Your Needs.

  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.

  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.