Investment Real Estate
Are you interested in investing in land, waterfront property, a commercial venture or rental property?
Team Jordan has the experience and knowledge of the area and market to help you find the right fit.
Investing in real estate is a great way to put your money to work for you. Let us get to work finding the right investment property for your budget and preferences.
Visit our Commercial Real Estate site or Contact us for investment opportunities currently offered.
- Make use of your education
Start in a market you know. Whether you focus on starter Homes, fixer-uppers, low-down payment properties, condos, farms, waterfront property or small apartment buildings you will benefit from specializing in one portion of real estate investment.
- Know your leaseholder
If the last rent increase was recent your tenants may be considering a move. Make every lease for at least a year’s term.
- Know the Costs at the beginning
Know the financial statements of the investment property you are considering. Do you know the total operating expenses, loan payments, vacancy costs, taxes? Do you know what the cash flow statement indicates? In order to make a sound investment choice you will need to have accurate answers to these questions.
- Validate Service Costs
Ask the local utilities to verify recent utility expenses, as they may be included in your tenant’s rent.
Taxes can often make the difference between a positive cash flow and a negative one. It may be a good idea to consult a tax advisor.
- Consult Your Accountant
Taxation is a key element of successful real estate investing so be sure to find an accountant who is well-versed in taxation law and details.
- Tax Laws Change
Don’t base your tax investment on current tax laws. A good investment is a good investment regardless of the tax code. The right property with the right total carrying costs is what you are looking for.
- Study Insurance Exposure
If the seller’s insurance is based on lower-than-current replacement value, your insurance cost may be higher based on your purchase price. Remember to always seek the help of your Realtor. She will always know the right people to consult to get the right answers.
- Evaluate Property Values and Rents
The best gauge of a property’s value is often the current sale prices of nearby properties. The same hold true for local area rents. A low price can often be justified by a lower rent; renters who can afford a high rent can afford to buy instead. Reasonably priced rent is a requirement.
- Do an Inspection
Hiring professional inspectors to examine the structural and mechanical system is a good investment. Make sure that you at least perform a personal inspection of the property before making a purchase.