Choosing a property to invest in is a big decision with a lot of responsibility. You’ll need to research the local real estate market to ensure you’re selecting a property that will perform well. Once you’ve found a property you’re interested in, run the numbers to ensure the investment makes sense for your financial goals.
You need an experienced real estate broker to help with your investment property search who can help you calculate the true value of the home, determine what upgrades may need to be done and how much they will cost, tell you the potential return on your investment and other details that may arise. Here’s how you can find the right one:
Connections and Networks
Being connected to the right people is important if you want to be successful in real estate investments. You need to know people who know how to acquire properties. There are thousands of properties available to you that are off-market. You need someone who can alert you of off-market properties that fit your criteria.
This is important because you want to ensure that your agent has the right connections and knowledge to ensure the home buying process goes smoothly. Without the right support, it can be a very challenging and frustrating experience.
Experience and Tenure
A good real estate agent has a proven track record of successfully helping people with estate investments. You can research past clients and properties they’ve worked on to get a sense of their experience and success.
Good Role Models
A real estate agent for investment properties is an advisor, and can offer guidance based on their first-hand knowledge. Ask your potential agent about their experience with investment properties and what they have learned from their successes and failures. An agent with experience is more likely to help you avoid mistakes and steer you towards success.
An agent experienced with investments will know about all the intricacies of finance, real estate, mortgage, insurance, and more.
Being familiar with the local area is extremely beneficial for real estate investments. If an agent is familiar with the area, they will better understand the value of investment properties.
They will also be able to find investment properties for sale and answer questions about which is the best route to take with an individual property. Maybe it’s best for a short-term rental. Maybe the best return will be to fix-and-flip. The right agent will be able to alert you to local properties that match your goals.
You want to ensure that your realtor understands your financial goals for the investment, as this will help them find the right estate investment for you. Make sure to discuss your goals with the realtor before selecting them so that they are aware of what you are looking for, such as:
- I am investing in reselling whatever I have invested in within five years.
- The property will be used to make money by renting it out to others.
- I will renovate the property so that it is more valuable and can be sold at a higher price.
Or, You Can Just Go through Evergreen Investments
When you want real estate investments done right, go with Evergreen Investments. We’re a service provider for property owners and investors. We provide unparalleled market knowledge, access to hidden investment off-market opportunities, and real estate-related advisory and property support for life. Together, we’ll guide you to financial freedom through owning a home.