The real estate market is on fire! “Everybody knows that Geico/Gecko”. Well did you know that not everyone knows how to buy real estate and make a buck?
Clients ask me all the time if I think this house or that house is a good deal. You need to start with the end in mind I tell them. What are you buying this for? A flip, a rental, a second home? What’s the economic life of your investment and how long do you want it to be? The criteria that you decide on is the one you will have to live with going forward. A friend of mine likes to say that people buy real estate for 3 reasons
- Cash flow(immediate or now)
- Depreciation (income tax benefits)
- Appreciation (speculating that more money is to be made after fix-up or the market is rising).
I always say that “2 out of 3 ain’t bad”.
We help our clients Buy – Rent and Sell real estate.
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