INVEST - BUYING or SELLING AN APARTMENT COMPLEX

How to buy an investment property?

1 - DETERMINE

- Location

- Type - Single Family, 4 Plex, Commercial, etc.

- Area type - look for lower vacancy rate, higher rent, value appreciating

- School, Transportation, Grocery, Entertainment, etc.

- City and County Regulations, and HOA regulation

2 - SELECTION

- $800 - $1000 (or more) rent average

- 3 + bedrooms, 2+ bathrooms, about 1200 Sq ft (or more)

- Fenced/ Blocked Yard

- Open Layout

- Condition of property - need repair? or need major capital improvement?

- Year 1980 or newer (or Less than 20 years old)

- Risk and Reward

- Potential type of tenant

- Cost vs. Profit

- Time and Money

- Amenities of the property (park, pool, etc.)

- Hidden Cost

3 - MANAGEMENT

- Select a Property Manager to manage the property and the tenant.

4 - LONG TERM or SHORT TERM GOALS

Determine your goal for the property: EQUITY (fix and flip) or CASHFLOW (rent)

HIRE A PROFESSIONAL PROPERTY MANAGEMENT COMPANY:
For investors who may pay cash or purchase multiple homes - they can help you save time, earn more money and avoid costly mistakes:

- rental rate estimates,

- assess rent readiness

- make repair/ replacement

- suggest improvements for properties being considered as investments.

- leave the hassles of property management behind, they can do it for you.

This will save time and effort to help you buy more properties.

"The home buying & selling process BEGINS and FINISH with ME, so that there is no interruption throughout the process.” - LONG M. NGUYEN

4 PLEX, 8 PLEX, 12 PLEX, 32 PLEX, etc...

How to increase the return on an investment property?

1- VALUE ADDED Activity - paint the property, refresh the property, make repair, upgrades, remodel, etc.

2 - REFINANCE - reduce monthly payment by reducing interest rate

3 - CASHOUT REFINANCE - reduce monthly payment and take out equity

How to get out of an investment property?

1 - Do a 1031 EXCHANGE (TRADE UP) to a bigger investment property

2 - SALE of the property (Paid OFF and Cashout)

3 - REFINANCE - reduce monthly payment by reducing interest rate

4 - CASHOUT REFINANCE - reduce monthly payment and take out equity