BUYING INVESTMENT PROPERTY

Buying an investment property can be a great way to diversify your investment portfolio and generate passive income. First, you need to determine your goals. Clarify your objectives for purchasing an investment property. Are you looking for long-term capital appreciation, rental income or a combination of both? There is a lot of homework to do in preparation, research the housing market and identify areas with strong rental demand and potential for property value appreciation. Consider factors such as job growth, population trends and amenities in the area. perform a property analysis by assessing it's potential rental income, expenses and cash flow. Consider working with a trusted advisor, real estate agent and property manager to help you with this process. 

Due diligence is a must during this process. Performing due diligence provides you with a comprehensive understanding of the investment property, allowing you to make informed decisions based on accurate information. It helps you identify potential risks and challenges that could impact your investment returns and ensure that you are well prepared for the investment journey. Conduct a comprehensive inspection of the property to identify any potential issues or repairs. Review the property financials, including rental history, expenses and any existing leases.

Being located in Central Florida near the tourist capital, there are an abundance of short terms rentals in local area near Disney and all theme parks that families from all around the world visit here year round. 

SET A BUDGET

based on your financial situation determine and set a budget and investment goals. Consider not just the purchase price but consider ongoing expenses such as property taxes, insurance, maintenance and potential vacancies. Also explore financing options such as conventional mortgages, private lenders or even using your self-directed IRA. Consider the downpayment required and the interest rates available to you. Plan for contingencies and account for unexpected expenses and vacancies by setting aside funds for contingencies. This will help you maintain a positive cash flow even during challenging times. Remember buying an investment property is a long-term commitment, so it's important to carefully consider all factors and make informed decisions. Contact a real estate professional or a trusted advisor.

PROFESSIONAL REALTOR

A professional realtor my role is to assist clients in buying and selling or renting properties. we are responsible understanding the local real estate market, evaluating property values and negotiating deals in the best interest on behalf of my clients. Click on link to learn more about benefits using a realtor /BENEFITS-USING-A-REALTOR---32819---32836---Dr--Phillips-6-26460.html

Providing guidance and expertise is vital throughout the entire process to include marketing properties, conducting showing homes and preparing necessary documents. The optimum goal is to help all clients achieve their real estate goals and ensure a smooth and successful transaction. As a seasoned property manager I can provide professional services.Click link to learn more about professional realtors /PROFESSIONAL-REALTORS---32819---32836---Dr--Phillips-6-26417.html

Contact Kevin Strawter today at 850 496-6412. Always taking referrals.