Buying an investment property can be a smart way to increase cash flow, and you’d have a backup home if you ever need to move.
Gauging which listing will make the best investment property can take some work. Here are a few things to look for:
Go Urban Renters want to be where the action is, and urban areas offer more of that. Renters seek out amenities such as nearby shopping, restaurants, public transportation and recreational activities in a location that’s convenient.
Follow the Jobs If you’re looking for long-term renters, it can help to buy in an area where the job market is strong. Look for businesses that have recently moved or opened in an area, and have a history of regular hiring at good wages.
My objective is simple; to do for you what I would wish someone in the same position to do for me which means always acting in your best interests in order to achieve the goals that you have set for yourself. I have been in the real estate business for over 20 years and began when I started in the construction of homes. I have built homes from the ground up (pouring footings to setting the last finishing nail) which is a huge benefit for you as I can share that knowledge about home construction with you. I have successfully negotiated hundreds of contracts and fully understand the process as well as every line of a contract that you will be signing your name to. We are the only entity that can work with legally binding contracts w hile not holding a law degree and as such we have very specific fiduciary responsibilities to our clients and I take them very seriously. My goal is to make the process not only informative and educational thereby removing the fear or anxiety that some experience but also to make the process both exciting and fun and I strive for 5 stars in every transaction. The bottom line is if you're not happy, then neither will I be!
Last week, word arrived about a newly constructed luxury home that so
"I moved to the area from Alaska in 2006. Patrick was one of the first people I met. Not only did he help me find my first "starter" house, but he also got me acquainted with the area. His knowledge of the housing market was second to none. He has since sold my "starter" home and found and facilitated the purchase of our dream home. He was also the purchasing agent for some friends of mine who moved here from out of state. They couldn't be happier. I wouldn't hesitate to recommend Patrick to anyone for their real estate needs. 5 stars all the way!Steve T.
Patrick takes the time to make sure he understands your needs and expectations. He also ensures that you are fully informed during the entire process of selling and/or buying your room. His personal devotion to knowing the current housing market, latest trends and having access to several resources- makes him a very valuable source of information, in addition to being an excellent Realtor. I have so much confidence in Patrick that I never hesitate to refer him to family and friends. He has helped my friends sell their homes for thousands over what other realtors told them was even possible. I can't say enough great things about him. When we make our next move, we will be using Patrick Torgrimson- you should too!!Nancy A.