Avatar's Blog

» Choose Investment Properties With a Future

Posted on 4/26/2005

If you are looking for investment property and want to choose a property with the most likely chance of getting hard money or conventional funding, look for the following:

  • Income producing - choose a property with sufficient cash flow to cover the monthly costs of the expenses of the property including the costs of the loan
  • Structural quality, pride in ownership - choose a property that shows care has been taken with it in the past and demonstrate that you are willing and able to maintain it in the future. If the property has not been well cared for in the past, demonstrate what you will do to improve the property.
  • Future potential - look for properties in neighborhoods that are improving, or that support businesses in a growth industry. Look ahead 2-5 years to see whether this property is likely to increase in value ro any number of reasons.
Posted in Miscellaneous