This piece of content is an excerpt from our ebook, "The Field Guide to Real Estate Investing". Click below to read the entire ebook.
A good real estate investment appeals to the broadest market, and there are many things to
think about. The best approach is to consider what things are important to the average family.
- Generally, the newer the better because of lower maintenance. But consider what the costs are for that maintenance. If you’re in a condo or a townhouse, association fees need to be figured into the cash flow equation.
- Garages are huge!
- A three bedroom, two bathroom home accommodates a larger population of prospective tenants than a one or two bedroom.
- Proximity to major employers is also important.
- In the Hampton Roads, Virginia area, closeness to the military bases is a major factor.
- And the same is true for popular school districts.
A good real estate investment property weighs in well on all these considerations. And an experienced, knowledgeable Realtor® already knows where they are. The time you save working in partnership with a Realtor® - as opposed to researching and locating properties on your own – cannot be over emphasized. Email us at concierge@lizmoore.com, and we'd be happy to put you in touch with an agent who is an expert in real estate investments!