Financial Advisor · Tallahassee, Americas · Member since 2025 · 25 posts · 10 votes
1mo
Hey, I closed real estate financial deals all the time. Here you go:
1. Do not go rural; location matters.
2. Keep the numbers conservative.
3. If you get into a bridge or fix and flip; have an existing strategy. Those products eat up the equity & can be hard to get out of for that reason.
4. Do not wait til the last minute to get out of a loan that’s due to mature. Start looking within 6-12 months of the maturity date.
5. Economic factors is number one when buying an investment property.
6. The more real estate that’s free and clear the more leverage.
Good luck!
It is important to know the area and not trust someone trying to sell you something that sounds amazing but is located in a class C or D neighborhood. My best advice is to buy in high quality neighborhoods with good school districts although they cost more they make up for it with quality of tenants and ease of resale. Always have an exit strategy.