Before You Buy Investment Property, Do Your Homework
Investing in real estate is like any kind of investment - it's wise to do your homework and assess both the benefits and the risks involved. If you've been thinking about buying investment property, consider the following:
- Determine the type of property you want to invest in - rental homes, condominiums, apartment buildings and so on.
- Decide if you want to invest short- or long-term.
- Ask yourself if you're ready to be a landlord.
If you've already decided to purchase a rental property, research the property thoroughly beforehand to help determine if the investment will be profitable. Consider learning more about all your mortgage options.