At the Hawkins/Ryerse Real Estate Group, we know that there are many reasons to buy a new property. Some people are looking for family homes to live in long-term, while others are seeking a solid financial investment to generate income. This article is for those who are interested in the second one — if you are interested in real estate investing, keep reading to get some expert tips on how to get started.
- Choose Your Market. One of the first steps to successful real estate investing is to choose your target market. Where you choose to buy will make a big difference in your overall results, so it’s important to do your research before you commit. For the best results, we recommend working with professional realtors like us at the Hawkins/Ryerse Real Estate Group, as we have extensive market knowledge you can draw upon to refine your selections.
- Choose Your Ideal Property. Once you’ve identified where you want to begin your real estate investing venture, the next step is to decide what type of property you want to target. Rather than looking at the whole market and every property in it, narrow your search criteria to something more specific, such as “single-family homes with 3 bedrooms and 2 bathrooms located in these neighbourhoods.” We at the Hawkins/Ryerse Real Estate Group can help you make this description more specific in order to focus your search and clarify your goals.
- Pick Your Team. The third part of getting started with real estate investing is picking your team, deciding who will be working with you on this project. Your closest team members will be people like your spouse, business partner, or personal mentor, but the circle also extends to more distant relationships like those with your lender, real estate lawyer, and accountant. Of course, we at the Hawkins/Ryerse Real Estate Group always encourage you to include one of our members on your team as well — with our extensive experience, we are confident that you’ll be happy that you did.