toby mcCosker - Factors to Remember Before Investing in Real Estate
Many investors are moving from stock market to owning rental real estate. Buying rental property is a good way to build wealth. toby mcCosker says once you have decided to buy rental property, your real work begins. Finding a profitable rental property usually takes plenty of time and research work. Some people buy and sell investment property within the short period for profit. Some buy and let to achieve a rental income and accumulate equity, for long term. Decide how long you would like to keep the rental property before owning it. The longer you keep the property, the more you have to invest in maintenance, repairs and improvements. If you're thinking of buying a rental property for a shorter time horizon, you may lose value of the property if you're buying in an overheated market. For small investors, long term ownership is better. Careful consideration must be given to location. Decide whether you want to invest in your local area or invest in a hot location which ma...