8 Basic Areas for New Investors to Master!

Tuesday, February 12, 2019   /   by Michelle Genardini

8 Basic Areas for New Investors to Master!


 8 Basic Areas for New Investors to Master!

Hi everyone! Today I’ve got some smart tips to consider when investing in Real Estate. Whether you are a seasoned investor or a newbie, I trust these tips with bring some value to you in some way!

1.     Define your goals as a Real Estate Investor

Have in mind what kind of investor you would like to be going in. What type of investments are you looking for?  Fix and flips, rental properties, multi=family, commercial?  All of these factors are going to affect what plan you put in place to begin a successful real estate portfolio.

 2.     Research relevant Laws & Regulations

While you don’t need to know every laws & not all laws will apply to you, it is important to research and know how investing will affect you and your goals.  Meeting with a CPA will be an important step prior to investing.

 3.     Conduct your due diligence

Hiring a professional and certified home inspector before finalizing the sale is integral to avoiding big mishaps & unexpected surprises. You don’t what to solely rely on the seller’s disclosure for information pertaining to the property. Research, verify, and re-verify! Rely on your REALTOR for recommendations and resources to assist you with this process.

 4.     Read & Interpret the Numbers

The safety, reliability and high profitability of “getting your money back” are paramount to this process. Do the numbers make sense? Is the margin large enough? Depending on what you are looking to accomplish, an experienced REALTOR will be able to help you decipher if this is going to make sense.

 5.     Understand the Value of Good Property Management

Whether you are buying a single family home or multi-family buildings, having good property management can make all the difference in the success and protection of your investment.

  6.      Taxes

There are many benefits hidden in these two line items. Those benefits can potentially add to an investor’s bottom line in many ways. Always consult with your CPA to find out what your benefits are.

 7.     Discovering What Makes a Good Tenant

Good tenants can mean you won’t end up with a damaged asset, minimize potential for lawsuits, and you won’t have to wrestle with the headaches that come from poor tenants.

 8.      Know the Qualities of a Good Property

Location: It’s the factor that makes any type of real estate a good investment!  You may want to take into account the trajectory of the neighborhood such as development and future projects. Just because an area may be less than ideal now doesn’t mean you should rule it out.

 

For more information on building wealth through real estate, contact Michelle at 520-477-9530 or michelle@shawnpolston.com

Keller Williams Southern Arizona
Shawn Polston


Sierra Vista Results Team -
4996 E Mediterranean Dr. Ste C
Sierra Vista, Az 85635;
phone number 520.477.7915



Dessert Vista Results Team -
434 Churea Ln,
Rio Rico Az 85648;
phone number 520.415.6373



The Polston Results Team -
1745 E River Road #245
Tucson, Az 85718;
phone number 520.477.9530

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The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.