Investment Properties 101: Dos and Don'ts
Posted by Mary Ann Castro on
Investment properties can intimidating to the first-time investor. When done right however, real estate investment can be very rewarding, and a great source of income. There are several things to consider before purchasing your first investment property. The road to real estate riches is paved with obstacles which can affect your bottom line. Here are some of the things you should and should not do when it comes to purchasing investment properties for the future.
Do: Create a Plan for Your Investment Property
Are you ready to make the investment? In other words, do you have a well thought out plan in front of you? Creating a plan for your investment property can give you more of an idea on what needs to be done. You’re also able to learn whether or…
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Stay connected with the latest Austin real estate news. See what's happening in Austin and stay ahead of the game in this increasingly competitive market. Courtesy of JBGoodwin REALTORS®
It all started with the Mueller Airport redevelopment. East Austin was, for so long, seen as a no-go zone for redevelopment. People didn't believe that, in the middle of the city's poorest district, it would be possible to build a brand new neighborhood, where people actually wanted to live and work. But 10 years on Mueller is a triumph. The site, just 3 miles from downtown, successfully brings together the different components of the city—working, living and playing—into one community. The project is now beginning the third phase of the Town Center, which will include shopping and dining options and, rumor has it, movie theater. Construction is also expected to begin on several hundred more homes.
The Austin Board of REALTORS® was presented an award recognizing its contribution to the 2000 Coats for Kids effort. Supplying 224 coats, ABoR was among the top three organizations to bring coats to the needy in the Austin community this winter season.
