Last week we talked about the strategy that’s necessary for successfully buying rental properties in Southern California. The strategy included tips on how to choose the right location, financing, and how to get started with following that plan before you start searching for the right rental property.
In part two of this three-part series, we’re going to cover the steps that you need to follow next to start moving forward with purchasing rental properties and seeing what will make sense for your financial portfolio.
Contact A Broker
Contacting a real estate broker is recommended for finding great rental properties in Southern California because, a broker will save you the time, money, and hassle of searching for single-family homes, condos or townhomes which will make perfect rental properties.
Hopefully, after watching our videos, and reading blog posts, you will choose Fred Sed Realty to help you with finding the perfect rental properties.
Choose A Location
Do you want to buy rental properties that are within 30 minutes of your home? Or is a location not an issue?
Once we know where you want to buy, and what you are specifically looking for in a rental property, we will send you a custom list of properties in Southern California that would be excellent for cash flow, and great investments for your portfolio.
Determine What Return You Want
After viewing the list of potential properties that we send you, the next step is for us to determine the rate of return that you want from your rental properties.
If you’ve invested money in CD’s in the past you’re already familiar with the concept of rate of return because you know how much money you will be getting back if you invest $20,000 into a CD with a lender like Bank of America, or Chase, that has a 1% interest rate.
The same is true when investing in rental properties, we can cater the numbers so that you can determine what your cash-on-cash return will be if you’re paying all cash or financing your investment.
Do you want a 3%, 5%, 10% or 12% return on your money? We look forward to having this conversation with you, our team of experts will cater the search, location, and types of properties to match what your return on investment requirements are.
Contact Fred Sed Realty
To get started with buying Real Estate in Southern California contact us 7 days a week at Fred Sed Realty today by calling us at (800) 921-9231 or connect with us online.