Investing in real estate, especially rental properties, can be a great way to generate income. However, this comes with various responsibilities that you will need help handling along the way. Because of this, you may be unsure about your decision to invest in the development of a new property. The experienced team at Bailea Ave can alleviate that concern. We leverage our knowledge of the property market to help you make informed decisions with your money.
There's more than one way to purchase an investment property, and if you're just beginning it is to dive into the specifics and learn the ins and outs of what it takes to make a sound investment. We will walk you through the process and advise you as you gain confidence.
In addition, using borrowed capital for an investment allows you to only use a small portion of your private funds, resulting in a higher return on investment.
If you choose to rent your property to tenants, rent payments can cover both marginal expenses and interest on your mortgage loan.
In real estate, you have the ability to research the market based on the location you want to invest in. You can learn the trends and make a more informed decision about the market, which makes for a more stable investment. That’s why it is important to observe trends in Atlanta housing, but even moreso to partner yourself with an experienced professional that knows it backward and forward.
You also need to consider the condition of your property of choice. If you buy a home with existing damage, these issues need to be identified and addressed before you move forward. It is usually a good idea for first-time investors to choose a property in ready-to-rent condition. However, if there are other factors that make a home more attractive, Bailea Ave can help you save on improvements.
Between our slow-growth economy, historically low interest rates, and the trend of millennials and Gen Z renting instead of owning, the viability property investments has been rising since the Great Recession. There's no time like the present.
An essential part of deciding whether you want to invest in a new property is learning the risks and rewards associated with your purchase. Here are a few important reasons why economic specialists recommend investing in residential properties.