1. How much can you afford to invest? -The price range that you set for yourself will have a great impact on what type of investments you are a candidate for. Knowing what you can afford will save both your realtor and yourself time. One helpful strategy in determining what you can afford as an investment is to get pre-qualified for a mortgage even before you go shopping for property.
2. What is your risk tolerance? - Some properties require a higher tolerance to risk than others. By sitting down and discussing the upsides and risks to each potential investment your realtor can help you figure out what type of investment will best suit you. Your risk tolerance will also be a factor in determining how leveraged your investment is.
3. Will you need any outside help to maximize your return on investment? - Contractors or property managers and other varied services are sometimes necessary for your investment to prosper. A good realtor will help recommend professionals who can do the job best.
Real Estate Banner Network