Desert Ridge Area Rental Investment Opportunities
This morning I was doing evaluations for an investor for looking to acquire additional investment property. As part of our discussion, there were two key points that we went over.
First and foremost, as an investor it is important to change hats when evaluating property. Most newer investors evaluate property based on emotional attachment much like they would for their primary residence. As an investor, your objective should be to identify properties that provide a projected return for your investment. Unlike your primary residence, you are actually purchasing a stream of income, that through proper evaluation and due diligence, can provide a very consistent and predictable cash flow.
Second, get caught up in the minutia of the details when negotiating to get a Great Deal. As an investor, your return is determined by several factors including, cash flow, positive leverage, appreciation and depreciation. In most circumstances, if the initial return is attractive to the investor, negotiating a few thousand dollars more of the asking will have a negligible effect on your rate of return. The temptation to negotiate the best price is real but in many cases can create roadblocks and potentially competition for securing that great investment.
As with any investment, there are risks involved but with proper due diligence and working with a True Professional that has a significant grasp on the variables involved, you can position yourself for success and grow wealth investing in real estate.
|Desert Ridge Area Investment Real Estate|
All of the properties review this morning project to provide an IRR or 18% or better. If you are interested learning how real estate can be an integral part of wealth building machine - Lets Talk!