Buying An Investment Property- Is It Right For You-

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					Presented by Daniel Toriola
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Buying An Investment Property- Is It Right For You? By Patricia Hodge-Rendall

When you see all the infomercials on TV it makes you want to run out and jump into the real estate investment market. They make it look so easy and a lot of fun as well. There are now numerous shows on television showing ordinary people and professionals investing or flipping homes with usually positive and profitable results. However, buying an investment property may or may not be for everyone. Let's take a look at a few things you should consider when buying an investment property. 1. First of all you need to understand the market that you're in. Just as location is important in selling your home it's also important in purchasing investment properties. If you're coming into a new market, doing research will be more important than ever. Even if you've lived in an area for a long time, you may not really have considered it from an investment standpoint. There are always going to be more desirable areas in a market than others and you should consider things such as zip codes, average median income, sale price of homes, education levels, schools, shopping, and other things might be important to you. Also consider what the market is doing. Are real estate values going up, down or are they fairly steady. The market will determine your end selling price and renovation timeline. If you are investing in a rental it will determine your rent prices. 2. If you are new to buying and selling real estate you may want to deal with a realtor. If you don't have one then it will be important that you come up with someone that you feel comfortable working with. You may even want to interview several of them as well as check references. Real estate professionals will be more in tune is what is going on in the specific marketing and can be very valuable in helping you find good deals. Even if you consider yourself to be a professional it might be worth dealing with the realtor if you are coming into an area cold. 3. What is your financial situation? Again looking at the TV infomercials, you see people that are really broke, and in a few months are sitting on a pile of money. For the most part you will need to have some money or good credit to get started as a real estate investor.

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Part of that stems from the fact that the homes you purchase may need repair before you can sell them. Even if you plan on sitting on them and renting them out for awhile you've got to get them presentable and that takes money or credit. 4. Another thing to consider is the type of investment property that you are going to buy. Many people think buying investment properties is geared towards the fixer upper when in reality, not all homes are like that. There certainly is a market for this, and if you're the type of person that can do work themselves, this may be the perfect avenue for you to get started as a real estate investor. These are 4 tips to consider when buying an investment property. It can be very profitable and rewarding if it is something that interests you. Patricia Hodge-Rendall is a sales representative who specializes in Oakville real estate for RE/MAX Realty specialists. If you have any questions about the Oakville or Burlington real estate market or would like to search for homes feel free to visit the site. http://www.mississaugaoakvillehomes.com

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Frequently Asked Questions About Investing In Property Abroad By Craig Broadbent

For many people, buying a property abroad is an exciting proposition, but it can also be a little daunting. Here are some of the most commonly asked questions: Where do I start? If you’re thinking about buying a property abroad, then start by doing some research on the internet. There’s lots of advice on this site alone, so take the time to read about the searching and buying process before you begin looking at properties. How can I finance my property abroad? There are several ways you can buy your new property. These include re-mortgaging your UK property; applying for a mortgage in the country where you’re buying; using savings or cash released from your pension; and clubbing together with family or friends. Should I go out and visit the country? We would always advise that you visit the areas where you are thinking of buying a property abroad. It’s useful to visit outside the main tourist season, so that you can see what the resort or area is like when it’s quiet. It’s also important that you view the properties you are interested in, so that you are in the best position to make a decision. What about the legal stuff? The law governing the sale of property varies from country to country. It’s vital that you hire a qualified, registered solicitor in the country where you’re buying who can guide you through the process. If you have friends who have bought property, they may be able to recommend one to you. Your estate or property agent should also have a list of recommended solicitors and notaries. How do I rent out my property? In most cases, you can hire a local agency that will handle all the rental administration, including advertising and bookings. In addition, they will usually clean and maintain your property. Compare several agencies for service and charges before you commit. Alternatively, you can rent out the property by yourself, which is harder work, but means that all the income is yours. Where’s a good place to buy for investment? There are several countries where property prices and costs of living are low, and where experts think that buying now will make money later on. It’s always best to get professional advice if you’re planning to buy a property abroad for investment, so talk to an expert about property in Bulgaria, Turkey, Croatia and the Czech Republic if you’re interested in your return on investment. HolidayHomeNow has been set up to provide useful, practical information for those people researching

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and looking into buying a second property or holiday home abroad. For more information have a look at their website http://www.holidayhomenow.com

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Patricia Johnson Patricia Johnson Management Consultant
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