Should I buy a condo or detached home for a rental?
Are you planning on buying a rental property in Southern California?
Right now, you may be wondering if you should purchase a single-family home, condo, duplex, trip-plex or four-plex, and the reality is that your investment should always come down to two things: 1. How much cash you have to make your investment and 2. The return you can expect from the Real Estate investment.
Why It’s Different Than Buying Your Home
When you purchased your first home or primary residence it may have been simple purchasing that house because when you buy a home for yourself all you have to think about is finding the best house that matches your budget and criteria like bedrooms, bathrooms, location, and square feet.
Buying a rental property is different because an investment is an investment, and at the end of the day if your rental needs work when you purchase it you may be faced with paying a second mortgage (if you financed the rental) until you’re able to get the work done and list it for rent.
Once the property is ready for rent you still have to market the property online and if it’s not in the right location, or doesn’t have amenities renters are looking for, you may have a more difficult time getting that home rented than you imagined.
Give Yourself the Advantage of Working with A Great Real Estate Team
At Fred Sed Realty we work with Real Estate investors every single day who are searching for properties in Southern California that they can rent or fix and flip.
We save investors the time, money and hassle of searching for rental properties themselves and our highly skilled team help our clients find the best investments for the lowest amount of money possible.
To search for great investment properties in Southern California contact Fred Sed Realty by calling us at (800) 921-9231 or connect with us online.