DENVER, Nov. 5, 2019 /PRNewswire-PRWeb/ -- Buying an investment property can be an expensive and challenging process. For those considering taking the plunge and entering the rental business, Schwab, who has over 13 years of experience in the real estate industry, shares the following three tips on maximizing return on investment (ROI):
No. 1: Do your research and work with an experienced agent. "I like to make sure my clients have a return on investment immediately, not buying a property and hoping for appreciation in rent or value," noted Schwab.
No. 2: Buy where people want to live. There are areas of each city that are easier or harder to rent, respectively. "Ensure you know where you are investing and you can get the rent you desire," added Schwab.
No. 3: Look for buying opportunities and don't be in a rush to buy or sell. Developers are building mostly high-end product, which means high rent. "There are opportunities to buy condos and rent profitably at a much lower rate than new builds," concluded Schwab. "Keep it for the long-term – in the past 30 years, there has been no 7-year period where the Denver Metro market has not seen gains."
About Cory Schwab, New Era Realty
Cory Schwab works with a full spectrum of clients, from first-time buyers to investors purchasing multi-unit properties. He has a remarkable track record of delivering results in the Denver real estate market. For more information, please call 303-922-9222, or visit https://www.schwabre.com/. New Era Realty is located at 2441 Eliot Street, Denver, CO 80211.
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SOURCE Cory Schwab, New Era Realty
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