Real estate investing can be a great way for savvy individuals to make money, and there are plenty of prime investment properties for sale in and around Sacramento. However, making this kind of financial commitment requires a keen knowledge of the regional real estate market and current trends in the area, as well as an analysis of the potential challenges and opportunities associated with such an undertaking.
There are a few main benefits to purchasing an investment property. First and foremost, you could rent the property out with the goal of creating a positive cash flow and ultimately adding to your existing income. There are also significant tax benefits you can take advantage of with the help of a tax advisor. If you’re looking for more of a long term hold, then there’s a good chance that your property may increase in value over time, giving you an equity position in the future.
That being said, there are also challenges and risks associated with buying an investment property. For example, you may encounter longer than desirable vacancies which would affect your immediate cash flow. Even when you have tenants living in your property, there’s still a certain amount of stress and costs involved: upkeep/maintenance, unforeseen expenditures (i.e. an appliance stops working or the HVAC dies), eviction costs, attorney fees, etc. Investment properties aren’t for everybody. However, despite the stresses, there still can be a lucrative income with the right property
If you’re interested in discussing the pros and cons of investment properties and would like to view some of these great deals in and around Sacramento, you need a real estate professional who understands the challenges and opportunities you face. Jon Hesse is one of the most successful real estate brokers in the Greater Sacramento area. He and his team can guide you through this process using their knowledge and expertise and ultimately find you the right property that maximizes your return on investment.
Call Jon today to set up an appointment and begin discussing Sacramento area investment properties.