Ep186 Winter – A Great Time to Buy Investment Real Estate
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on August 29, 2024 19:36 ()
What now? This series will be checked again in the next hour. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 408215903 series 3564174
- Introduction
- Why winter is a good time for investors to purchase real estate:
- Less competition
- Motivated sellers
- Keep your crew(s) busy!
- Great time to assess the “stress” of the home
- i.e. drafty windows, ice dams on the roof, etc.
- Use the tax breaks to your advantage
- i.e. close the last week of December or the first week of January, depending on what you need
- Homes can close faster
- If the work is done quick enough, it could be ready for the spring or summer real estate market to rent or flip
- What you should watch out for when purchasing investment properties in the winter:
- Most properties are going to need work – do you have the cash flow?
- It will take several months to get it rented out and cash flowing.
- It’s harder to get the exterior items completed
- i.e. a new roof
- MAKE SURE YOU KNOW YOUR NUMBERS FOR REHAB PURPOSES!
- Final thoughts
100 odcinków