Buying investment properties in Montgomery County , MD takes serious financial commitment that requires special attention and knowledge. Making rash decisions can cost you, taking you out of the black and into the red.
Some of the most common expenses that real estate investors in Montgomery County, MD overlook are:
Rise in Fees
Rise in Taxes
Rise in Special Assessments
Unexpected Repairs
While no one is expecting you to have a crystal ball, simply anticipating these potential increases can make a huge difference. Certain things, such a condo fees and special assessments, can be avoiding all together by taking fee simple ownership. However, even fee simple single-family detached homes in Montgomery County, MD often times have a homeowner's association (HOA).
To a certain degree, an increase in taxes can be foreseen if you know that your home improvements will add to the home's assessed value. If this is a big concern for you, review comparable properties that are in-line with your finished product. You can also keep an eye on local news and bookmark county/city websites for any tax-related changes.
Most importantly, make sure you work with a Certified Investor Agent Specialist (CIAS) in Montgomery County, MD.
A CIAS is uniquely qualified to find, create, and close with residential real estate investors using the knowledge and innovative tools earned through comprehensive education and experience. CIAS-designated agents can streamline the process of real estate investment to increase returns for investor clients by helping real estate investors navigate:
- Investment Strategies
- Self-directed IRAs
- 1031 Exchange
- Leverage Options
- Key Calculations
- Return-on-Investment
- Capitalization Rate
- Average Returns
- Cash Flow
- And much more
Emcee Arah of EMA Real Estate is both a Certified Investor Agent Specialist (CIAS) and a Certified Distressed Property Expert (CDPE). Whether you would like to buy real estate investment properties in Montgomery County, MD to flip or rent, call 301.452.5252 to get started.
RE/MAX Excellence Realty
10230 New Hampshire Ave, Suite 100
Silver Spring, MD 20903
(301) 452-5252
http://www.DeeCeeRealEstate.com
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