When making a real estate purchase, it is essential that you ask yourself the following question:
Is this property a good deal?
Amongst all the other factors that go into finding a property, it is easy to lose sight of this important consideration. However, finding the right deal with your property is crucial to making the most out of your investment. A simple, yet effective way to evaluate a potential real estate purchase is by looking at the following five criteria:
Ask yourself, “will this property provide income for me?” The answer to this question can be complex, as it depends on a range of factors. The strength of the local rental market, the financing interest rate, and the down payment amount you contribute will…