Finding the Right Property in the Right Location
Finding the Right Property in the Right Location
- Introduction
- Financing Your Investment
- So You Want to Be a Landlord?
- Is Professional Management Right for You?
- Buying the Right Type of Property
- Finding the Right Property in the Right Location
- It's Number Crunching Time
- Uncle Sam: Your Partner in the Deal
- Other Real Estate Investments
- Converting Your Principal Residence
- Some Helpful Hints
Once you decide which type of property you want to own, the next step is to find the right location. What do we mean by the right location?
Think of yourself as a potential tenant. Would you rent an apartment or condominium in that community? Is it close to major avenues of transportation such as buses, trains, or highways? Is the neighborhood desirable? Of course, what is undesirable for one person may be perfect for another. If you think the area would make it hard to attract tenants, then consider buying somewhere else.
Does the current owner have problems attracting and keeping tenants? Don't be afraid to ask pointed questions; this is your money at stake. You would thoroughly evaluate any other type of investment you are considering, so be persistent and if you don't like what you hear, walk away and look elsewhere.
IMPORTANT NOTE: It is risky to rely on the possibility of appreciation alone when purchasing a rental property. The income generated from renting the property is the more important consideration. If the value of the property rises, this is an added bonus.
Investment and insurance products and services are offered through Osaic Institutions, INC. Member FINRA/SIPC. FNB Wealth Management Services is a trade name of First National Bank. Osaic Institutions,Inc and the bank are not affiliated. Products and services made available through Osaic Institutions, Inc. are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
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