The best Northern Virginia investment property can be found HERE. Gene Mock, Associate Broker, Keller Williams Realty 703-342-8100, is an experienced real estate professional in Northern Virginia. He is extremely knowledgable about investment real estate and developing a strategy for building your real estate portfolio from the ground up. He’ll walk you through the entire process, beginning with deciding what type of property you would be best suited to investing in and what income you can expect to earn over time, with an eye to future equity appreciation of your real estate asset. This can be pretty straightforward, based on your budget and your current and future goals for the investment. Gene show you how much cash flow you can expect to receive based on your invested dollar in order to make it a worthwhile investment. As an example, you may decide initially to steer away from condominiums because the condo fees are typically higher than fee simple ownership, and usually escalate over time, which can greatly impact your net cash flow.
WHAT LOCATION SHOULD I INVEST IN?
Secondly, Gene will assist you in targeting the best location or neighborhood you want to invest in, where these types of homes can be found. Luckily, the best investment property can be found in the Northern Virginia Metro Area. The area is densely populated, resulting in many opportunities to find your ideal targeted property type. In order to get the maximum rental income from your investment property, you will want to make sure you optimize your potential rental income by choosing a property that will command optimal rental income in area where rentals are in high demand. Gene will make sure your investment goals are mapped out ahead of time so you will be confident in your real estate investment decision. Here are some properties available for sale in the Northern Virginia Area you may want to take a look at:
CONTACT GENE MOCK – NOW – ABOUT INVESTOR WORKSHOPS AND FINDING YOUR IDEAL INVESTMENT PROPERTY TODAY! 703-342-8100
Ideally, you want to choose property that you believe will appreciate at above-average rates and then buy it at a discount. The discount is important because it represents built-in profit as well as equity. This is what is termed ‘margin of safety.” As stated by successful real estate investors Jimmy & Linda McKissack of Highland Village, TX:
“When we started out, we decided our basic formula was to put down 20 percent cash, buy at lest 10 percent below market value, and cash flow of a minimum of $200 a month after taxes, insurance, principal and interest and propety management fees. And it had to do that on a 15-year payout.”
Once you select the Northern Virginia area you would like to invest in, you’ll need to decide the features and amenities you want, such as number of stories, parking, number of bedrooms, bathrooms and living areas a property has. Then you need to decide what type of properties are selling in your selected neighborhood. For example, if homes in the area mostly have basements, then you want to be sure to select a property with a basement. If they have at least 1-car garages, then you need to select potential properties with at least a 1-car garage. Bedroom and bathroom count is extremely important to consider, and can vary according to what market area you decide to target.
- Gene Mock can assist you with all your real estate investing questions.
- Sign up for a FREE WORKSHOP CONSULTATION with Gene today!
- Gene Mock is “your go to resource” person for finding your ideal investment property, as well as coaching you in your real estate investment portfolio in Northern Virginia.
- Gene has extensive experience in real estate investing. Let his expertise work for you!
- Stay tuned to Gene’s Blog for more investment property advice and information.
- Gene Mock, Associate Broker, Keller Williams Realty 703-342-8100 www.NorthernVirginiaRealEstate.net
PLEASE WATCH MY INVESTMENT REAL ESTATE VIDEOS BELOW…SHARE THEM WITH YOUR INVESTOR FRIENDS!
BEST NORTHERN VA INVESTMENT PROPERTY
By Monica Mock