What is and isn’t a good deal when it comes to buying an investment property in Austin TX?
You have friends telling you or you see people on social media claiming that they found a great deal on a rental property. Remember what is a good deal for them may not be a good deal for you. We all have different goals.
Before you look at buying, set your goals and strategies.
The strategy is knowing what kind of properties you are going to buy. If you are looking at a deal, you have to look at:
- Will you be getting appreciation?
- Will you be getting some cash flow out of it?
- Are you are going to capture some equity?
- Are you going to get a debt pay down?
- Will there be depreciation?
Which of these 5 things is most important to you? Least important?
The most important thing here is to make sure that the deal aligns with your goals. Know which of these above is most important to you, and make sure the property you are thinking about buying is going to give you that.
If you would like to talk to us regarding this matter, do not hesitate to give us a call. We will help you determine your goals so you know what you are looking for in an investment property.