Keller williams Middle Georgia Realty

Regina Bryant - Realtor
478-952-4245
 E-mail: Regina Bryant


Keller Williams Realty Middle Georgia
478-333-5050

 4851 Russell Parkway, Suite 800
Warner Robins GA 31088


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Regina Bryant,   GRI®,   MED,   VIP®,   ABR®,   CRS®,   E-PRO

10 Important Tips for Real Estate Investors

When it comes to investing, everybody has certain goals and aspirations. However, we have found that there are certain guidelines every aspiring real estate investor needs to know:

1. Compare Property Values and Rents

Financial statistics only go so far; the best measure of a property's market value is often the sale prices of nearby properties. The same holds true for area rents. A low price can often be justified by a reasonable rent; renters who can afford a high rent can afford to buy instead, so reasonably priced rent is a need.

2. Be Careful - Tax Laws May Change

Don't base your tax investment on current tax laws. The tax code is constantly changing, and a good investment is a good investment regardless of the tax code. The right property with the right financing is what you should look for as an investor.

NOTE:
I'm not a tax professional. Any information provided is in no way to be considered professional advice.  Buyers, Sellers and Investors are always encouraged to consult tax professionals for answers to questions or concerns.

3. Specialize in Something You Know

Start in a market segment you know. Whether you focus on fixer-uppers, foreclosures, starter homes, low-down payment properties, condominiums, or small apartment buildings, you'll benefit from experience by specializing in one aspect of investment real estate properties

4. Know the Costs Going In!

Know the financial statements inside out.
What are operating expenses?
What are the loan payments?
Vacancy costs? Taxes?
What does the cash flow statement look like?
 
These are key issues that must be addressed before making a solid investment.

5. Know Where Your Tenants are Coming From

If the last rent increase was recent, your tenants may be considering a move. If tenants have a short-term lease, they may be living there simply to attract unsuspecting buyers. It is also important to collect the tenants' security deposits at closing.

6. Assess the Tax Situation

Taxes are an integral part of successful real estate investing, and they often make the difference between a positive cash flow and a negative one. Know the tax situation, and see how it can be manipulated to your advantage. It may be a good idea to consult a tax advisor.

7. Investigate Insurance Coverage

If seller's coverage is based on lower-than-current replacement value, your insurance cost may increase when you pay a higher purchase price.

8. Confirm Utility Costs

Ask the local utilities to verify recent utility expenses, especially if any of these costs are included in your tenant's rent.

9. Consult Your Accountant

Taxation is a key element of successful real estate investing, so be sure to find an accountant who is well-versed with the constantly evolving tax code.

10. Inspect!

Make sure that you always perform a thorough inspection of the property before buying it. Never, ever buy any property without at least examining the site. In some cases, hiring professional inspectors to examine the structural mechanical system may be a sound investment.

For a relocation package or assistance, call (478-952-4245) or send me an E-Mail