How Can an Investment Property Benefit You?

The Central Illinois area has a vast selection of different properties within attractive price ranges. If you're considering buying a home CLICK HERE to perform a Full Home Search, or if you're wanting to place your home on the market, GO HERE to receive a Free Home Value Report. If you have any other questions about your property's value or the current market trends, please do not hesitate to reach out to me at (217) 875-8081.

One of our viewers suggested we cover investment properties in one of our videos, and another viewer was interested in hearing about a current listing. We're currently listing a wonderful home located at 1138 Wedgewood Ct, Decatur, Illinois. We encourage you to check it out!

Today, we want to focus on investment properties, rentals specifically. With low prices and low interest rates, now is a great time to buy a rental. For every $5 you spend, you get approximately $1,000 of real estate in today's market.

There are many reasons to purchase investment property. If you buy a rental property upon having a baby, you can sell the property 18 years down the road, or use the income you receive from it for college. You can also use an investment property to supplement your present income or you could consider buying multiple rentals and move into doing that as a profession. Do you need help saving for retirement? Having an investment property or two can help with that as well.

Regardless of what you intend to do with your earnings, you need a good Realtor to help you find a property that will work for you. We can give you options and set you up with a lender who you can trust. They will sit down with you and discuss the amount of cash flow you need, how much you want to put down, and what type of property you are looking for. Additionally, your lender will look at the condition of the roof, the mechanicals, windows, and cosmetic details. The price of the home will be determined by the amount of work needed and the rent that will be received.

Come on by and we'll start discussing your investment options. We can put you in touch with great vendors, handymen, and painters. If you have any questions about the process, or would like advice on your current situation, don't hesitate to give us a call or shoot us an email. We would love to hear from you!