Article: Investment Property Part 2 Of 2: What You Need To Know Before You Buy
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Investment Property Part 2 Of 2: What You Need To Know Before You Buy
Welcome to the second portion of a two-part series on investment property. In the first installment, ?How Not to Become a Slumlord?, we discussed a little of what it takes to own and operate a property as well as some of the do?s and don?ts of the property management trade. In this second segment, we will be discussing some pre-investment principles that will help you maximize your ROI.
There are three basic principles of investment property that you should know before you buy an investment property in order to avoid overpaying:
Time
How long do you plan on owning the investment property? As with stocks and bonds, the value of your investment may change significantly during the time you own it. While most real estate will appreciate in value over ti...
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