As a realtor and investment property owner, I appreciate the a variety of directions the realtor and investor targets. More often then not, the directions are not identical. Realtors typically sell homes to clients planning to occupy the home they are buying. The typical realtor may not even know what a Cap Rate is or your average returns on investment or (ROI) that you should target as an investor. The
Various areas to address when purchasing a 4-unit residential income property;
• Job Market Expansion
• Population Growth
• Vacation/retirement area
• Vacancy Factor/rent amount
• Management availability
• Appreciation
• Insurance and Taxes
• Cash Flow
• Repairs
• Exit Strategy
These are some of the areas that are of vital importance but not all. You should educate your self first and foremost before you begin to buy.
