Timing Investments

A successful real estate investor acknowledges that investing is constantly turning. There are many investment options to choose from, but being able to recognize, accept and quickly adapt to today’s market is one of the most valuable and important qualities investors can posses. A real estate investor must be in tune with the market and be able to shift gears without hesitation when the market calls for it. Engaging into the right investment activity is not easy but can definitely make or break an investor.

While the timing may be right for one type of investment and not for others, as an investor you must always be open to search and look for opportunities. Some things to consider are:

Know your market & Know your options
The Real Estate Market is constantly shifting. Market awareness can help avoid or minimize the risk of investing in an under-performing asset. Do your research! Every investment option is unique. Therefore, it’s imperative to determine what type of property fits the market as well as your strategy. Ask yourself whether you want to become a landlord, or would you rather restore and retail properties? Would you rather be a private lender, or just hold notes on properties? Or, are you interested in apartment buildings and other commercial real estate, or in buying land that can be developed?

“Partner with experience”
Investors should find an experienced real-estate investment agent with a proven record of success. This agent should be able to help you locate promising properties. Look for long term partnerships – those who value you because they expect to do business with you on an ongoing basis.

Build a supporting investment circle
Understand the different aspects of an investment transaction from finding the property, to maintenance and upkeep issues. Be proactive rather than reactive. Don’t delay until a rental property needs repairs to find someone to handle them. “Line up your trusting team of individuals” who can take care of the different challenges that may occur so you are just a phone call away from solving an issue rather than days away from owning a vacant property.

“Part of your investment team should always be an attorney to consult with on tenant issues, a property management firm that handles the day-to-day rental affairs and an accountant who can help understand the tax ramifications of investing.”

Buying an investment property is not the same as buying your primary residence. During a personal home buying heated emotions are attached to every decision made; when an investment is bought decisions must be based on financial benefit, profitability and business sense.

…. ….stay tuned for our next edition and more tips on investment