Buying & Selling Investment Real Estate
If You’re A Real Estate Investor We Speak Your Language . . .
Real estate investing can be very lucrative but it can also be an expensive learning curve as many a novice investor will tell you. If you’re looking to buy investment real estate, the key is to do your homework first and answer all the important questions, so you’re going into the purchase with your eyes wide open. And if you’re thinking of selling an investment property, there are plenty of questions to answer, too, before putting up a for sale sign. Sound preparation is the key.
We hope this overview will help you get started, but it’s by no means comprehensive. So if you’re ready to take the next step and buy or sell real estate investment property in our Solano or Contra Costa County market area, feel free to contact us for a complimentary consultation to make sure you haven’t overlooked anything and see if we can assist you. (There’s absolutely no obligation.) We’ve helped a number of real estate investors over the years and are always happy to share our knowledge and experience with new clients.
If You’re Buying Investment Property…
Buying investment real estate requires a decidedly different approach than buying a home to live in. Things that might matter to you personally are often negligible from an investment standpoint. It’s all about the numbers. If they pencil out, it’s a good investment. Otherwise, it doesn’t matter how much you like the house, the location or the cute amenities. Depending on your investment goals there are different strategies, too. Are you looking for appreciation or cash flow? Both are nice, but for many investors, one strategy is often more important than the other.
And If You’re Selling Investment Property…
And if you’re planning to sell a current investment property, what is your exit strategy. Are you looking to liquidate or might you be willing to carry paper (and if so, are you aware of the stringent seller-financing laws)? If you’re looking to buy more investment real estate, are you aware of the potential benefits of a 1031 tax-deferred exchange? What’s the current condition of the property? Would it appeal more to another investor or an owner-occupant? Is the property currently tenant-occupied? Be sure you know the answers to these and other important questions before you sell.