Barre VT real estate listings and homes for sale, home buying, home selling information and investment rental property – Gregoire Real Estate

INVESTMENT RENTAL PROPERTY Buzz

Should You Buy a Fixer Upper Rental Property?

September 26th, 2007 1:36 PM

These days with the cost of building materials and the local permit process, you could do well to find a property with minimum construction work.

It's not to say that you can't make money with a fixer upper, its just that you really need to do your homework.

More specifically, you need to carefully examine the areas of a rental property that do require construction work and have a solid and clear understanding of costs.

You can do this by setting up a spreadsheet that nails down every single detail of project cost.

Additionally, you can purchase ready made templates from an office supply store that deal with construction management.

This will save you a lot of development time and you can customize certain features of a ready made template to fit your particular project.

Of course, if your handy with tools you can save and manage labor costs and tightly supervise the project so it doesn't spill out of control.

Posted by Barrett Gregoire on September 26th, 2007 1:36 PMPost a Comment (0)

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Key Ideas for Investment Property Research

September 25th, 2007 11:24 AM

In conducting your research for an investment rental property there are three key points to keep in mind and they are:

Shop the local rents in your target market area.
Read up on local news and events to get a feel for the economic climate.
Fact check the numbers to make sure your paying a fair price for the property and that the property is self supporting.

To determine the rents to charge in your market area, you need think like a tenant and go through the steps that a tenant would go through.

Next, talk to the local Chamber of Commerce to get a feel of the business climate and for new developments that may be occurring in the area in which your rental property is located.

By fact checking you want to see what similar properties have sold for in a given area.

Please feel free to add your thoughts and ideas regarding the purchase of rental properties.

Posted by Barrett Gregoire on September 25th, 2007 11:24 AMPost a Comment (0)

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Real Estate Investment Strategies

September 18th, 2007 10:32 AM

When it comes to real estate investing, especiallly investment rental properties, you need to do your homework.

It's a lot of work in the beginning, yet, the payoff can substantial.

Please view the following video to learn more about investment rental
properties.

Posted by Barrett Gregoire on September 18th, 2007 10:32 AMPost a Comment (0)

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