An investment property is a great way to generate passive income and diversify your financial portfolio. Here are a few tips for investing wisely. Also, make sure to consult your financial professional for expert and personalized financial advice.
1. Affordability The most important part of investing in real estate is making sure you can afford it. You want long-term debt locked in for as long as possible so you’re not forced to sell due to market fluctuations.
2. Low loan rates
There are currently very low borrowing rates that are available. You can take advantage of this, borrow at a low rate and then purchase a property that’s in high rental demand.
3. Start small
Beginning your investment portfolio with a small, single-family home or duplex is a smart start. Seeking smaller properties in areas where prices are more affordable can be a great way to set a solid foundation for your investment future.
4. Location
A long-term investment means you want to purchase a property that is well-located and in an up-and-coming area.
Walkability and area amenities are crucial, but also ensure that the home is not located directly next to a noisy street or freeway.
5. Low maintenance
Find a property that requires minimal work and is easy to maintain. Making sure the structure of the home is sound and the interiors are up to date ensures you don’t have to worry about spending a lot of money on renovations at the onset of your investment.
Contact us at (480) 225- 2234 to get preapproved for mortgage while you look for the investment property of your choice. We can get you the best rates available and also discuss the loan choices that best meets your needs. | 
