I may be located anywhere in the world, the basic principles of the real estate business remain unchanged. I will select those places for my investment properties where the return-on-investment is relatively higher.
MY GO-TO DESTINATION FOR REAL ESTATE INVESTMENT
To maximize the returns from my real estate investment, I will prefer to purchase property in places with the following characteristics:
- High rental occupancy: I will check how much of the available housing stock in the locality is vacant.
- High rentals relative to my mortgage repayments: The more of my mortgage I can cover from rentals, the better.
- A low tenant default rate: The last thing I want is to purchase property in an area when tenants frequently miss rent payments.
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Real estate investment requires in-depth research. Advertising timing also matters as some cities have exceptional rental income prospects, but a very tight inventory. In that situation, it becomes very hard to find and close a deal that fits my investment criteria. Therefore, I need to act fast and wisely.
I will not take any uninformed decision without evaluating the fundamentals of the real estate market. Whether is it growing, stable, or declining?
Are you planning for the short-term capital gains or the long-term buy and hold? To make it easy for you, I recommend contacting an investment counselor who can assist you invest in some of the best real estate markets in the United States.
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