Buying investment properties can be an excellent way to invest right now, especially if you have the money to invest. Many people have become disillusioned with the performance of their 401k's, stocks, and other investments. It is actually possible to take an IRA or 401k and move it into a self-directed IRA model, and invest it into real estate. With housing prices at a low, and interest rates at an all time low, savvy investors are venturing into real estate. Demand for rental housing has been increasing, and certainly will increase when interest rates rise in the future --when interest rates price individuals out of the market. Before buying that first investment property, there are some things to consider, and an experienced realtor can help.
The market is moving at a pretty fair pace in Olympia, Lacey, and Tumwater --particularly in bargain range of prices. A low priced home may be a bargain, or it could be a symptom of condition. If you are thinking of investing in a house, one has to view the price, the interest, and other aspects of the transaction as a numbers and business decision. Houses that are in good condition and require little work can be rented and generate income until the value of the home appreciates and it can be sold. It sounds cliche but that age old adage in real estate still applies to investment properties, location, location, location. A good investment will be in the best location for renting as well as the best location for predicted development or appreciation to realize the best return on investment. Of course, as with all investments, there are risks involved and the best recommendation is to involve your advisors in real estate law and taxes in any decision. Budgets are important, as it the ability to carry the house during any periods of vacancy. Landlord insurance is always a good idea, but it typically carries a slightly higher cost. Another decision would be if you are going to be the active landlord or the passive investor using a property management approach. If you'd like to learn more about investing in real estate, we offer regular classes on how to begin, and of course we are there with you every step of the way.
RE/MAX Northwest real estate brokerages employ full time, highly productive, experienced and educated brokers focused on serving their real estate clients and communities at the highest possible level to create the best possible result...even in these rapidly changing times and economy. We provide accurate, detailed information, data and advice so that our clients make informed decisions. We're committed to life long relationships founded in integrity and mutual respect. We're here to help...at all stages in all situations.
Warmer weather offers the perfect opportunity to get started on a home
""01/06/2015 - Reviewing Vicki McLellan, email@example.com Bought a Single Family home in 2014 for approximately $250K in Olympia, WA. Local knowledge: Five Stars Process expertise: Five Stars Responsiveness: Five Stars Negotiation skills: Five Stars Buying our first and second homes with Vicki were wonderful experiences. She has an APPARENT wealth of knowledge from her experience and was extremely proactive and diligent in helping us navigate the home buying process (one of which was a tedious short sale). I've also referred several friends to Vicki who all ended up buying with her help and they had nothing but good things to say. if you need an excellent, patient and pleasant realtor then you need Vicki.""