Real Estate Investing In Greene County Virginia
Featured Articles
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Is Real Estate Investing Right for You?
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What to Know Before You Buy
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6 Investment Tips You Can Use!
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The Trivia Block
Is Real Estate Investing Right for You?
Investing in property is simply another form of investment.
Buyers can invest directly by purchasing property individually, or
indirectly by investing in a managed fund or timeshare. Although
real estate agents may understand the property market, prospective
buyers should still seek independent advice, because property investment
may not be right for everyone.
What to Know Before You Buy
Don't fall for pressure-selling techniques and high-pressure seminars
Some sales people can be extremely persuasive
and persistent. They often use gimmicks like offering you a "once in a
lifetime opportunity".
Determine your overall financial plans
Think about what you want to achieve financially and how soon you want to achieve it.
Understand the risks involved
All investments carry risks. Make sure you are comfortable with the risks associated with a particular investment.
Get advice
Decide whether or not you need professional advice. If you're
dealing with a financial advisor make sure they're licensed.
Investing directly or indirectly
You can invest directly or indirectly in many assets, including
real estate, through a managed fund. Time- shares are a type of managed
investment.
Do your homework
Find out as much as possible about any investment you are
making. Make sure you really understand the pros and cons of choosing a
particular investment asset. Weigh the advantages and disadvan-
tages against your financial goals.
Consult with your accountant
There may be tax issues to consider that you may not be aware
of. Once you've decided to take the leap and purchase investment
property, be sure to read and keep all documents you receive about
your investment. If your asset is being managed by someone else, make
sure they keep you updated on all pertinent information. Reputable
investment managers will be happy to answer your questions and will
expect you to take an interest in your investments.
6 Investment Tips You Can Use!
- Hire and pay for skilled workers to do your renovations.
- Location. Location. Location. Invest in the best location you can afford.
- Be affordable for tenants by buying small and staying small.
- Look at a property for what it can be, not for what it is.
- Focus on the money coming in and going out - not the cap rate.
- Don't go unique - choose rental properties that will appeal to anyone.
One More Thing...
Real Estate Investment Trusts
Real estate investment trusts, known as REITs,
are entities that invest in different kinds of real estate or real
estate related assets, including shopping centers, office buildings,
hotels, and mortgages secured by real estate.
There are basically three types of REITS:
Equity REITS, the most common type of REIT, invest in or own
real estate and make money for investors from the rents they collect.
Mortgage REITS lend money to owners and developers or invest in
financial instruments secured by mortgages on real estate.
Hybrid REITS are a combination of equity and mortgage REITS.
The Internal Revenue Code lists the conditions a company must
meet to qualify as a REIT. For example, the company must pay 90% of its
taxable income to shareholders every year. It must also invest at
least 75% of its total assets in real estate and generate 75% or more of
its gross income from investments in or mortgages on real property.
Many REITs trade on national exchanges or in the
over-the-counter market. REITs that are
publicly traded must file
reports with the SEC, such as quarterly and annual filings.
The Trivia Block
What term refers to the unauthorized intrusion of a building or improvement onto another persons property?
Such an intrusion is called an encroachment, and it often requires a surveyor's report of the property to support the claim.
Interested in buying or selling real estate in Greene County Virginia?
Call Sherry Hayward, Realtor with Keller Williams Realty
Greene County real estate specialist. (703) 655-2223
Have a House to sell in Greene County Virginia?
Call Sherry Hayward for a FREE No obligation consultation. Learn what I do differently to get homes fast for top dollar!
Call the listing line at (434) 515-1592
shayward@kw.com
