There are some things every Real Estate investor must consider before purchasing a potential investment property.

1. What are the average rental rates in the area?

2. Size of the property? Unit size?

3. What are the overall conditions of the property? Is remodeling required?

4. Does the property have Central AC?

5. Is there room for improving the the property?

6. How long will the property be held for?

These are just some of the basic things that must be considered in order for an investor to formulate a budget and strategy for a potential investment property.

Until Next Time,

Donald Karney III,
Broker/Owner