Feb
Cheap Real Estate Investments- Turn that Dump Into A Profit
by Derek Weeks - Denver RealtorPublished in: Investing in Real Estate
The United State’s current financial situation isn’t all bad news. In fact, if you’re a savvy real estate investor, the time is right to delve into the real estate market. Prices are low and some sellers are more motivated than ever to relieve themselves of properties they can’t afford.
Cash flow should be your primary concern. When purchasing an investment property such as a rental home or commercial property, make sure you will net 30 percent of your rental income to cover unexpected expenses and reinvest in the property. When investors purchase property at low, low prices like those available today, there is great potential to score big when the value of the property increases in an improved economy.
Sometimes homes are priced low due to cosmetic conditions that are easily resolved with a little elbow grease and a minor investment. One man’s shack is another man’s money-maker. Simple cosmetic improvements to the yard, home exterior and the interior of the home will make your investment property more appealing. Be realistic from the onset about how much improvements will cost and how much time you’ll need to invest to realize a substantial gain. Have the investment property inspected by a professional to be sure it is structurally sound and will pass local building codes with little or no improvement.
In general, long-term investments are the most profitable. Take time to collect some of that cash flow from your investment cash cow before selling it in a soft market. If you have a dream of becoming a property investor and have a little cash and credit to invest, your time is here.
Contact one of our real estate professionals for more information on investing in Denver Real Estate.









February 20th, 2009 at 11:54 am
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