HOW TO FIND INVESTMENT PROPERTIES

Investment properties are a rock-solid way to make money. In fact, according to some sources, residential properties have an average annual return of 10.6 percent. Pretty awesome, right? But, in order to become a successful investment property owner, you first have to find the right property. Here’s how to do it.

What to Look for in an Investment Property

To make the most money you can from an investment property, you want to zero in on profitable ones. Consider location (proximity to schools, hospitals, grocery stores, entertainment, etc.), crime rates, the local job market, and the property’s unique features and updates.

The best investment properties for beginners are often single-family homes or condos. Condos are also typically low-maintenance because the condo association will take care of many issues like repairs and landscaping.

How to Find the Right Investment Property

The easiest way to find a good rental property is to work with a qualified professional realtor (like our team members!) but you can try other options too, to make sure you are casting the widest net.

  • Network: Let your coworkers, friends, and family know that you’re on the hunt for a great investment property. They might even be willing to sell a great place to you! There is no underestimating the power of word-of-mouth.
  • Explore: If you have a specific neighborhood in mind, drive around and take walks to get a good feel for the area and to spot “for sale” signs right when they go in the ground.
  • Use the web: The easiest method for finding a good investment property is to leverage one of the many property search websites like Realtor and Zillow, but our property search is super handy, too! You can customize your search filters and then automate email updates so you’re alerted right away when new properties hit the market.

While you’re searching for that perfect property, you’ll want to plan ahead for property management. We can help with that! Our team can assist with marketing of vacant units, tenant screening, move-in and move-out, rent collection, eviction, maintenance, and much more.

Happy investing!! Hope to talk to you soon.