EVALUATE A RENTAL PROPERTY PURCHASE – THE COMPLEX PROCESS

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EVALUATE A RENTAL PROPERTY PURCHASE - thE
COMPLEX PROCESS -
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When buying a rental property, you need to
estimate its value so that you can know how much
you should offer to the seller. Your skills in
property evaluation will greatly determine
whether you will get some profit from the
purchase or end up in losses.
We have gather some tips that will help
you evaluate a rental property purchase before
making a final decision.
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Evaluate the Property's Financials

• How much can you put into this investment?
• How much can you afford to lose?
• If you need additional funds, where will you get
  them from?
• What will your monthly mortgage payment and
  interest rate be?

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Evaluate What Repairs Are Necessary
A good real estate investor should be able to
estimate the cost of repairs in a rental
property.
Evaluate whether the property requires repairs
and if it does, how much they will cost you.
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Evaluate its Appreciation
It pays to speculate the appreciation rate of the
property you intend to buy. If you see
depreciation in future, you should rethink your
decision to buy that property.
A realtor will help you in this evaluation as
they have experience in real estate.
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Looking for a Good Realtor?
Goodman Management Team sets the standard when it
comes to rental property management in
California. Not only are they professional,
maintain optimal industry knowledge and are
experts in positioning your property best in the
market, but they have a hands on approach that
sets them apart from the rest. As a qualified
property management professional, Gerry is ready
to assist you with all of your property
management needs in Orange. Gerrys approach is
customized for each client.
www.goodmanmanagementteam.com
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CONTACT
Gerry Goodman Real Estate Services 3239 E
Meadowridge Rd,Orange, CA 92867 Cell
[phone] Fax [phone]Email
gerry_at_gerrygoodman.com     www.goodmanmanagementte
am.com