If you’re thinking about buying an investment property or are looking for a home with an income suite,
here’s how to invest in real estate effectively:
1Establish Your Needs and Wants
When you start thinking about investing in real estate and becoming an investor, it is important to establish your financial expectations, your overall needs and wants. Ascertain the kind of investment property that you are looking for and would best suit you. No matter what real estate experience you have, The Andersen Team is happy to serve you. Whether you’re a first-time investor buyer or you currently have multiple properties, it is crucial to take the time to plan.
“Sven and The Andersen Team had an excellent sense of what kind of place I was looking for and took a lot of the stress out of buying a home. We had fun looking at places and he walked me through the sale of my new home.”
– Ian Ruderman, Arlington MA
2Plan Your FinancesBefore investing in real estate, you must meet with a financial advisor or mortgage specialist. We can happily connect you with one of our many premier partners to help you get pre-approved for a mortgage and establish a realistic budget.
3Learn Landlord ResponsibilitiesAn investment property owner has a lot more responsibilities than the average homeowner. Let us familiarize you with all the obligations that income properties entail. We will educate you and ensure that you are well-versed on Massachusetts tenant’s rights and landlord responsibilities before you purchase an investment property.
4Seek Expert Property KnowledgeYour property location can determine your income potential, type of tenants, and overall success as an investor. The Andersen Team can show you the potential properties and neighborhoods. The North of Boston area is home to many up-and-coming neighborhoods, historical, established communities, and enthusiastic tenants looking to sign a lease. Once you’ve purchased and prepared your home for occupants, we’ll be happy to help you secure a suitable tenant.
5Know Your OptionsUnit Conversion, Rehab/Resell, Buy and Hold.
"Sven is very knowledgeable about what does and does not sell a home and is willing to do whatever it takes to be the best representative he can be for you."
- Alexis R., Winchester MA
Want to learn more about investing in real estate with The Andersen Team?
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