Individuals who invest in real
estate are doing very well these days. The potential for income, appreciation
and possible tax savings makes investment property especially attractive.
It is important for you to get professional
advice before you decide to buy investment property. You may want to start with
a personal financial advisor who can help you set your investment goals. Your
Realtor can help you select a competitively-priced property that meets these
goals and can answer questions about why a particular property would be a solid
investment. What features would make it easy to rent? What kind of maintenance
expenses are you likely to incur? What will your cash flow be, and how will the
tax savings affect your bottom line? While we cannot predict how much a
particular property will appreciate, we can give you the history of price trends
in our market area.