When starting out as a real estate investor, you can choose either the conservative approach of holding a property until it increases in value or the riskier approach of "flipping" - reselling very soon after making some improvements that add value. If you plan on taking the safer approach, keep the following factors in mind when searching for the right investment property.
Look for a house or apartment unit that is close to where you live, so inspecting the property and overseeing maintenance will be easier. Choose an area where there is clear potential for future development, and you will benefit from the inevitable increase in property values. If you have the choice of either buying a newly built or recently remodeled home or a less expensive house in the same neighborhood that needs a cosmetic makeover, buy the bargain property and upgrade it for a better long-term return on your investment.
For more information call or text Bill at 302-841-7147
Bill Cullin
Your Real Estate Source at the Delaware Beaches
Websites:
www.DelawareBeachRE.com
www.TheHenlopen.com
Cell: 302-841-7147
Office: 302-227-2541
Toll Free: 1-800-GO-BEACH, ext. 117
Fax: 302-227-8165
Long and Foster | Christies International Real Estate
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971
- Top Individual Agent Long & Foster Rehoboth Office for 13 consecutive years
- Long & Foster’s Top Selling Individual Agent in the Delaware Region for 2 Consecutive Years
- Long & Foster’s Top Selling Individual Agent in the Coastal Region 2015, 2016 and 2017
- Five Star Professional Award Winning Sales Agent for 7 consecutive years (based on client surveys)
- Awarded the “Best of Zillow”, rated among the top 10% of all Premier Agents in the United States (based on client surveys)
- Top Selling Agent at The Henlopen Condominium for over 13 year
