As an investor you want three crucial items to be a part of your property.
1. Great Location
2. Great Income
3. Great Equity
That
means that the real estate you purchase has to be priced right. The
better a property is priced and higher rents the more money as an
investor you will make.
That is why it does not
make any sense to purchase real estate in over inflated areas like
Texas, Florida, California, Carolina's and New York. These areas make no
sense because of the higher purchase prices and higher interest rates.
All that means is less income to you and your portfolio.
Most
investors are buying out of their area because of the high price of real
estate where they live. Northeast Ohio has the most affordable real
estate that generates good income. The areas also have high rental
demand.
The market is really a buyers and
sellers market. Priced right a home will sell and over inflated priced
homes do not sell. That means I have to look harder to get good deals
and I do.
As a focused Realtor on
investment real estate it is a great time to purchase real estate. I
still get my clients great deals and interest rates will come down.
Focus on the quality and cost of real estate. Northeast Ohio should come to mind first.
Need better deals? Better Prices,Rent, location, management and equity?
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Thank you