Looking for Investment Properties In New York?
Here are 4 questions you need to ask before you invest in real estate
If you’re looking for investment properties In New York then you’re probably aware that every investment should be carefully considered before you make the investing commitment. At Sell Now Realty Group, we’re here to help! In this blog post you’ll learn 4 questions you need to ask to complete your due diligence on your next real estate acquisition.
Question 1. Does It Fit Within My Investing Parameters?
This fundamental question makes sure that you always keep your investing method in mind before you invest. Are you a cash flow investor? Then you’ll want properties you can rent. Are you a rehabber? Then you’ll want properties you can rehab. Think about the type of exit strategy you have and make sure that the investment property In New York you’re looking at will fit that strategy.
Question 2. Is The Investment Property In New York Below Market Price?
This question looks at the investment price of the property and considers it against the potential market price of the property. In this way, you are ensuring that you are getting some “built-in” ROI when you invest in this property since you could theoretically turn around and sell it on the market. You can have a real estate agent run some comps to give you a market price, or you can work with a real estate investing company that specializes in selling below market properties.
At Sell Now Realty Group, we specialize in real estate investment properties that are attractively priced for real estate investor. To learn more about what properties we have available, fill out the form or call us at (914) 559-2579
Question 3. What Will It Take For Me To Get This Ready To Profit?
This is an important but often overlooked question. Some investors will go out and buy a run-down property because the price is low… only to overlook the fact that they have to spend the money to get the property ready to rent or sell. By buying investment property In New York from a company like Sell Now Realty Group, you get the best of both worlds – properties that are attractively priced, AND are already in pretty good shape to rent or sell.
Question 4. How Quickly Will The Steps Take To Acquire And Generate ROI?
This question continue the same line of thinking as question 3 by asking, “how long before I start making money?” An investor who buys a property only to have to spend months getting it ready will end up paying extra in carrying costs and will delay the return on their investment, compared to those who invest in investment property In New York that are ready to be rented or sold. The rapid turnaround time between acquisition and ROI is a crucial piece of the investing puzzle.
Before you invest, in another investment property in New York, get in touch with us by (914) 559-2579 or by filling out the form to see what options are available for you