Buying an Income Property: What You Need to Know
Posted on September 10, 2015
Are you thinking about buying real estate in Pensacola? Well, if an income property is what you had in mind, congratulations! We can help you find a place and a property manager to help take care of your investment. There’s really only one catch. Buying an investment property is a big decision, and while it can be a great move financially, there are risks involved that you should be aware of.
For starters, we want you to know that investing in real estate is not (and should not be thought of as) a “get-rich scheme.” The only certainty in the market is uncertainty, so it is important to be realistic about the potential return on your investment. You should also be aware of what can and cannot be rented according to local zoning regulations. And, that maintenance workers – once you buy a property – will save your life.
Even though it sounds gloomy, the reward can be worth the risk. Especially if you have a knowledgeable agent by your side and a trust-worthy Pensacola property management company to help you handle the day-to-day. Contact an agent today find out if buying an income property is the right decision for you!
Blog Investment Property, Pensacola, Real Estate