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INVESTMENT RENTAL PROPERTY Buzz

Qualifying the Local Economy

October 8th, 2007 11:13 AM

So how do You Qualify the local Economy?

Well, there are a number of ways to obtain key information that determine the health of a local economy for real estate investing.

Here are three excellent ways to do this:

Read the local papers for a month to get a feel for new businesses moving in the area or existing businesses that are expanding.
Check out the local politics of the town or city your considering purchasing investment properties. You can do this by visiting their web sites or stopping by city hall and picking up any literature indicating new ordinance, permits or local legislation.
Talk to current investment property owners and get an understanding as to how the renting and real estate climate is performing.

These tips will assist in your research of a local economy in which your considering purchasing investment properties and will help to insure healthy returns.

Posted by Barrett Gregoire on October 8th, 2007 11:13 AMPost a Comment (0)

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Real Estate Investing 101

October 26th, 2007 1:08 PM

In looking at today's real estate market, there is a lot of opportunity for the real estate investor.

With an over abundance of property on the market and banks being somewhat skittish about lending, they still are in the business of lending.

For the new real estate investor, researching, planning and follow up are key to securing a property that provides positive cash flow and allows you to make money when you buy it and when you sell it.

There are some investors out there who believe that you only make money on rental properties when you sell it.

My question is, how come you can make money on the property when you and buy it and when you sell it? This is what I look for when it comes to purchasing investment rental properties.

For additional thoughts and information I recommend visiting the following web site

http://www.reiclub.com/real-estate-articles.php

There is a lot of great information on this web site that will help both the beginner and seasoned real estate investor.

Posted by Barrett Gregoire on October 26th, 2007 1:08 PMPost a Comment (0)

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Rental Property with Owner Occupancy

October 25th, 2007 3:25 PM

One of the areas to consider when investing in rental properties is will it allow for owner occupancy.

This can take the shape of actually living in one of the units or using one of the apartment units as an office.

Its can be an effective way to manage and grow your real estate investment portfolio.

Key point to keep in mind is that will the rental property provide positive cash flow and can you effectively attract quality tenants.

This can be a stumbling area with any rental property and this where you need to check the local papers, research online and setup a criteria for the kind of tenants you want.

By knowing exactly the kind of tenants you want, it will be easier to target your advertising and communications to this audience.

Posted by Barrett Gregoire on October 25th, 2007 3:25 PMPost a Comment (0)

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Rental Properties - How Do You Decide?

October 22nd, 2007 1:58 PM

There are numverous choices as to what rental properties to invest in.

The question is what type is the best based for the investor starting out. Do you invest in three unit or fifty units, vacation rentals or long term.

My suggestion for the new investor is to start small. Purchase rental properties that are either three or five units and stay in one of units for the long haul.

This way you can police the property to make sure that its not being vandalized and that it is properly maintained.

It's always better to start with one small property and acquire the skills and experience necessary to purchase more in the future.

Keep in mind that your want to look for properties that don't require a lot of maintenance and can easily attract qualified tenants.

Remember, your acquiring an income stream.

Posted by Barrett Gregoire on October 22nd, 2007 1:58 PMPost a Comment (0)

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Calculating the Financials on an Investment Property

October 12th, 2007 10:38 AM

So How do You go About Calculating the Financials on an Investment Property?

There are several ways to do this and the one I recommend using is a spreadsheet program like Microsoft Excel.

Areas you want to concentrate on when putting together a spreadsheet for an investment property are the following:

20 year cash flow projections.
Cash on cash percentages and that would include before and after taxes.
Annual Property Operating Data (APOD) - This includes everything from trash and snow removal as well as general maintenance and repairs.
Appreciate Rate.
Rental growth rate. This can be determined by shopping comparable apartment units in your area or reviewing newspaper ads for the last three years advertising similar apartment units.

Like with any investment property, the more thorough and accurate your financial information is, the more sound the investment purchase becomes.

Posted by Barrett Gregoire on October 12th, 2007 10:38 AMPost a Comment (0)

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