Northern Colorado has a terrific market for investment properties, but there are still certain cities, neighborhoods, and streets that are better than others.
Loveland, CO (PRWEB) September 09, 2016
Realtor Casey Brock, of RE/MAX Alliance, stresses that “real estate should be a part of everyone’s investment portfolio.” In order to educate people on how to put real estate into their investment portfolio, Brock lists the following five tips:
No. 1: If you want to flip a house. “Your better margins in a flip come with properties that need more work, or homes that are in a higher price range. These properties weed out the buyer competition,” said Brock. “Few people can afford to take on a home as a flip at a higher price, and few people are willing to flip a home that needs major renovation, which means less competition on the buy and, usually, a lower price.”
No. 2: You make your money on the buy, not the sell. “You make your money by choosing the correct property and negotiating a good price on the front end,” added Brock. “After your flip is complete, your home will still sell for about market value.”
No. 3: Find the right rental property for long-term investments. “Location is key, and I have found proximity to work, or college, is the biggest factor in maximizing rental potential (close to campus or highways),” said Brock. “In the Northern Colorado market, the correct property can cash-flow hundreds of dollars on top of your mortgage payment. Not only are you cash-flowing this money, but your tenant is paying down your loan on the property.”
No. 4: Factor in the tax benefits of real estate rentals within your portfolio. “Not only is it an asset that can be depreciated, but you can write off your interest on your mortgage as an expense,” said Brock. “Consult with your tax professional, as situations may vary.”
No. 5: Find the right market. “No matter what kind of property you want to put into your investment portfolio, finding the right market to do it in is key,” concluded Brock. “Northern Colorado has a terrific market for investment properties, but there are still certain cities, neighborhoods, and streets that are better than others.”
About Casey Brock, RE/MAX Alliance
Casey Brock, a Certified Negotiation Expert (CNE), specializes in buyer and seller brokerage, investments, luxury homes and relocation. He works with both buyers and sellers. Casey lives in Johnstown, CO, grew up in Loveland, CO, and went to Mountain View High School. For more information, please call (970) 214-9694, or visit http://www.homesincolorado.com/casey-brock. You can also reach him by email at caseybrock(at)remax(dot)net. His office is located at 750 W. Eisenhower Blvd., Loveland, CO 80537.
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