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Do You Really Want to Own Rental Property In Huntsville?

By: Huntsville Real Estate Expert Mike Manosky On November 6, 2008

Do You Really Want to Own Rental Property In Huntsville?

huntsville real estateInvesting in Huntsville real estate and owning rental property sounds glamorous, but it isn’t for everyone.

Be sure you know what you’re getting into and understand what you are getting into before signing on the dotted line. Here are some questions you should ask yourself before purchasing an investment property:

    •  Where will the down payment come from for this property?

    •  Do you have cash reserves so you handle periods of vacancy, i.e. no income?

    •  How about reserves for unexpected repairs and other expenses?

    •  Do you need property to rent immediately or do you have time and money for a “fixer-upper”?

    •  Will you make needed renovations and repairs or hire someone else for the job?

    •  What type of property do you want: single family, apartment, duplex, condominium, or vacation property?

Thinking it through ahead of time assures that you won’t get caught making a rash decision you will regret later.

If you decide now is the time to take advantage of lower market prices and invest in Huntsville real estate and rental property, visit MoveToHuntsville.com.

Search all Huntsville real estate and homes for sale.

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