Thinking of Investing in Real Estate in Lafayette IN or West Lafayette IN?
When starting out as a real estate investor, there are two options to choose from. The first is the conservative approach which is holding a property until it increases in value, most investors lease the property out. The second approach, a more riskier approach is to "flip" a property meaning that you make improvements to the property to add additional value and then resell the property. Flipping a property can become very expensive depending on what structural, mechanical and cosmetic repairs that the property may need. If you plan on taking the safer approach, keep the following factors in mind when searching for the right investment property.
Look for a house or apartment unit that is close to where you live, so inspecting the property and overseeing maintenance will be easier. Choose an area where there is clear potential for future development, and you will benefit from the inevitable increase in property values. If you have the choice of either buying a newly built or recently remodeled home or a less expensive house in the same neighborhood that needs a cosmetic makeover, buy the bargain property and upgrade it for a better long-term return on your investment.
Begin your search here: Investment Properties Lafayette IN. Here you will find single family and multi-family properties with 3 + bedrooms under $70,000 in the Greater Lafayette IN area! Now is a GREAT time to by investment properties...low interest rates, high number of foreclosure and short sale properties!!
For a list of foreclosed properties in Lafayette IN and West Lafayette IN, email us...firstname.lastname@example.org!
Contact The Romanski Group with Keller Williams Realty today to learn more about investing in the Lafayette and West Lafayette area markets. We also suggest reading the Millionaire Real Estate Investor book and FLIP - both written by Gary Keller to get acquainted with real estate investments.
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