Investor Central

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Tuesday, June 21, 2016

10 Questions Every Real Estate Investor Should Ask

If you're interested in real estate investing, what questions should you ask your agent? Here are the top ten questions:

1. Should first-time investors consider duplex, triplex, and four-unit properties?
For first-time investors, it can make great sense to buy residential properties with two-to-four units. For instance, FHA financing is available with little down for properties with two-to-four units provided that at least one unit is owner-occupied. Rental income can then be used to help repay the loan.

2. What's the demand for local rentals?

In many areas rental demand is strong, powered in part by a growing population and an expanding economy. Generally, rental rates have increased during the past year while vacancy levels have declined.

3. Is it better to buy investment property for quick re-sale or to rent for the long-term?

Investment approaches differ and there's no "right" answer. What's important is to find properties which best meet your investment style and financial preferences.
Our Agents can explain local demand trends and review properties which could be good rental candidates.

4. While interest rates are low is such financing actually accessible?

In the past few years loan standards have tightened and although investors are held to different standards than those who wish to finance residential property, financing is available for qualified investors.

5. Home values have been rising nationwide, but what about local markets?

Local pricing trends are an important issue for investors and something to discuss with a Cunningham Group Real Estate professional.

6. Given the recent tax debates, are real estate deductions still available?

Taxes are a complex issue but in general, significant tax deductions remain for real estate investors. The exact size and treatment of individual deductions can depend on various factors so for specifics it's best to speak with a tax professional.

7. Rather than finance an investment purchase I would rather pay cash. Is this common?

The attraction of cash purchases is that transactions can be much faster because there is no need to wait for lender approvals, there are no points or lender fees to pay and it can be argued that all-cash buyers have a stronger bargaining position because owners know that such purchasers can complete the offers they make.

8. Does it make sense for investors to self-manage?

This is another question without a single "right" answer. It's important to consider such issues as how much time you have available; your ability to deal with tenants, repairs, and collections; your physical proximity to the property and other matters. Our Agents can discuss management options with you.

9. Can I pre-qualify before looking at properties?

Yes. It's extremely advantageous to review financial options before entering the marketplace. Such reviews can help determine buying power and also reassure owners that the purchaser has sufficient financial capacity to make a transaction work.
10. I'm not ready to invest at this time but it's something I'd like to consider for the future. Can I still speak with a Cunningham Group Real Estate professional?
Sure. We welcome the opportunity to discuss your interests and to provide information and data which can help you better understand local markets. We can also sign you up for our Investors Insiders List so you can receive emails about different investment opportunities as they come up. 

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage | 702-960-4819 Shawn | 702-960-4819 Kyle
Original Post Via Carrington 

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