Investment Property Riverside County - Repaired Value Is Critical

Purchasing an investment property in Riverside County is giving many investors the opportunity to purchase rental property, and many are investing in Investment Property in Riverside County, for the very first time.

One of the most important things to consider is the cost to repair a property.  

Just because a property is low priced does not mean it is a good value.  

There a many properties on the market now and some need so much work that they may not be worth the effort.  

"Repaird Value", which is the value after the repair cost should never exceed the amount you paid plus the cost to repair.

Price paid + Repair Costs < current market Comparables.

(It's no deal to purchase a home cheap and then spend so much money repairing it that you could have purchased a "move in ready", home for less than the cost to repair plus the cost you paid!)

Repair estimates are extremely important and estimates should be completed to bring the poprety back to turn key condition.