Investment Property Holiday Deal or Steal (and not the good kind)?
It's the most wonderful time of the year... when it comes to deals! Countless advertisements and solicitations saturate us this time of year and can make determining a good property deal difficult through all the "GREATEST SALE ON EARTH" noise.
If a property advertised interests you, do some research on the seller. In previous postings I provided ways to "google" a property but its also important to reference the property owner to make sure everything is straight.
A few tips:
- Check the Better Business Bureau for any complaints.
- Ask for references from several investors.
- Get the rent rolls and check for variances in rent over the years.
- Verify with research that a property is rented at a reasonable price.
Of course follow your gut! If a deal looks to good to be true, it probably is.
If a property advertised interests you, do some research on the seller. In previous postings I provided ways to "google" a property but its also important to reference the property owner to make sure everything is straight.
A few tips:
- Check the Better Business Bureau for any complaints.
- Ask for references from several investors.
- Get the rent rolls and check for variances in rent over the years.
- Verify with research that a property is rented at a reasonable price.
Of course follow your gut! If a deal looks to good to be true, it probably is.
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