Dos and Don’ts for Buying Santa Cruz Real Estate Investment Properties

Posted by Lauren Spencer on Thursday, November 15th, 2012 at 1:01am.

When you invest in Santa Cruz real estate at the right time, at the right price, it is proven to be a solid investment.  With the housing market at an all-time low and it being a buyer’s market, there has never been a better time to purchase real estate than right now. 

Owning investment property is and should be an interactive business.  It is a hands-on investment that will require your time, energy and money.

The following tips will help you avoid common commercial and residential real estate investment mistakes:

Do’s
1. Location, Location, Location
2. Bigger is not always better
3. Stick with deals that have a 15% return on investment
4. Stick with homes priced in the low median price range
5. Stick with a 3 bedroom, 2 bath, 2 car garage single family Santa Cruz real estate
6. Keep your rental properties close to home
7. Use other people’s money as much as possible

Don’ts
1. Do not buy your 2nd investment property until your first is making you money
2. Do not buy a home without inspections
3. Don’t buy a property without title insurance
4. Don’t rush in
5. Don’t get invested emotionally
6. Don’t rely on seller’s documentation
7. Don’t handle it all yourself

A novice investor may struggle as they try to navigate through the complicated world of real estate investing and purchasing investment properties.  Following these do’s and don’ts will keep your head straight and take the emotion out of buying Santa Cruz real estate for investment purposes.

Call me today at 831.662.6522 to take that first step towards purchasing your investment property.

For additional real estate information, please visit my home page at www.MySantaCruzRealEstate.com.

Links:

Housing market

Investment property

Title insurance

 

 

 

About Lauren Spencer

Award-Winning Santa Cruz REALTOR®

Lauren Spencer is your local real estate expert, specializing in Santa Cruz real estate and surrounding communities—this is where she lives, works, and plays too. Let her know your questions about the community and county and she'll be happy to fill you in on all you want to know! Lauren Spencer has consistently been voted best local REALTOR in Santa Cruz and is always happy to offer her advice and expertise. Call her at: 800.226.4717.

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