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While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?
Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.
Geri Doyle and Caren DeVoe Doyle & DeVoe-Iowa Realty 1802 S. 12th Ave. W Newton, IA 50208 Geri: 641-792-5678 Fax: 641-792-5668 Caren: 641-792-5999 Toll Free: 1-866-792-5656 Geri Doyle: cdevoe@iowatelecom.net Caren Doyle: cdevoe@iowatelecom.net
Geri,CRS, e-Pro, and Caren, Broker Associate, know how important it is to have caring professionals to help you when you're making a move. They give you the one-to-one attention you deserve. Buying or selling a home is an important step for a family. We connect with our clients both on a professional and an emotional level. There are many decisions to be made when purchasing or selling a home. Count on us to keep you informed of the market trends and latest conditions so you can make informed decisions when the time comes.
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