Explaining the differences between investment and primary properties.
What exactly is an investment property? Investment properties are defined as properties you purchase to generate income. You can purchase as a single investor, or you can get a group of investors together to purchase a property.
Buying an investment property is different from buying your primary residence. You have to be financially stable and prepared for deferred maintenance costs. Most lenders will also require about a 30% down payment. Once you’ve bought your investment property, you’re going to be a landlord, and that means you’ll need to find reliable tenants. My company can help you with that. We will do the background checks and advertise the property for you.
If you have any questions, don’t hesitate to call me at 480-712-7980. I’m here to help you with all your investment needs. I look forward to hearing from you.