The Complete Guide To purchasing a condo, townhouse, or apartment by Susan Smith Alvis

Author:Susan Smith Alvis
Language: eng
Format: epub
Publisher: Atlantic Publishing
Published: 2013-03-28T00:00:00+00:00

Below we will discuss each of the above mentioned points.

Location — Above All Else

Location is crucial if investors want to keep the property leased. When you begin to locate properties for investment, you will want to consider two things. You want the location to be close to your home and you want a good location so you can rent it out.

If you are trying to buy properties to rent quickly, you want to buy in areas that attract the blue-collar workforce. Look for apartment buildings near shopping areas or parks where people are eager to make honest livings and pay their bills on time. You do not want to go into the slums just because you found a deal and then cross your fingers that it will pay off.

Instead, find bargains where children and families are safe. Find income producing properties in areas where the families who live there take pride in their neighborhood. Look for areas with clean streets and nice buildings. Find an apartment building located in a good school district.

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