Finding A Great Real Estate AgentFinding a Great Real Estate Agent


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Finding A Great Real Estate Agent

A few years ago, I realized that I was finally ready to buy a house. I didn't know when to start looking or what I needed to do in order to get things rolling, but I did know that I wanted to find a real estate agent who was willing to sit down with me and discuss my options. I began focusing on looking for different properties, and within a few days I found an agent who was uber-motivated. They walked me through every step of the real estate transaction process, and when it was over, I was happy with my final decision. Check out this website for tips on real estate.

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Should You Invest In Apartments Or Single Family Homes?

Investing in rental property is a great way of securing a second income stream. However, there are many different types of property and some may get you a better return on your investment depending on factors such as location. One of the questions that potential investors face is whether to put their money in apartments or single family homes. There are advantages and disadvantages to either option.

The Pros and Cons of Apartments

When you invest in apartments, you're likely to enjoy benefits such as:

Lower price per unit compared to a single-family property

Lower down payment on the property if you're planning on staying in one of the units

High appeal among young tenants who prefer houses close to the city and their favorite hang-out spots and also elderly people who prefer houses with lower maintenance requirements on their part.

However, there are also several disadvantages to multi-family properties including:

Higher overall cost can put the property out of your reach or put a strain on your finances until the rental income starts to flow in.

Less privacy and space for individual renters may make it hard to attract tenants with families

The Pros and Cons of Single Family Homes

A single-family home will have advantages such as:

Low overall cost which will make an individual unit affordable enough when making the initial purchase

Larger space in the house and outside will help to attract tenants who need the extra space e.g. people with families

However, the downsides of single-family homes are also worth noting and they include:

The buying price may be inflated since the investor will be bidding against individuals looking to buy a home. Such individuals may make emotional bids and make the property unprofitable.

It will be difficult to attract individuals who prefer to be close cities and other hubs of activity

If you plan on hiring a management company, they are likely to charge you more if your properties are not in one location.

Making a Decision

As an investor, your decision should be guided primarily by the potential to make money. Whether you had your heart set on one type of property or another, you should always choose the one that you're most likely to get a good return on your investment on. Whether it's warehouse condos, flats or a single family home, you should make the decision based on the numbers at hand.