Residential real estate investment property
Boston homes, why those factors make our region so desirable, and why the completion of the big dig is going to make Boston real estate even more desirable. Journalists remark on the gentrification of our neighborhoods and the development of the Boston Seaport. If the deal doesn’t meet those parameters, I am wary. Appreciation – Having the property go up in value while you own it has historically been the most profitable part about owning real estate. However, as we’ve seen recently, real estate can also go DOWN in value, too. Leverage (your bank loan in this case) is a double-edged sword. It can increase your rate of return if you buy in an appreciating area, but it can also increase your rate of loss when your property goes down in value. For a realistic, low-risk property investment, plan to hold your residential real estate investment property for at least 5 years.
Almost all real estate agents, including full priced agents and those specializing in low commission real estate, participate in an MLS program. An MLS program allows homes on the real estate market to be placed in a large, searchable database. This list includes homes being sold by different real estate agents. In addition to an agents participation in an MLS program, you should determine the other ways that they intend to market your home to potential buyers.
It looks enticing, the freedom to create your own schedule, to be in control of how much you earn, and to have your own business. The reality though is not a pretty picture, over one third of new real estate agents leave the business in their first three years. Why do so many leave? The biggest factor is that they haven’t researched the real estate business to determine if they have the required skill set to be successful.
Source: Simarc
