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Bargain Properties >Tips for First Time Investors

When starting out as a real estate investor, you can choose either the conservative approach of holding a property until it increases in value or the riskier approach of "flipping" - reselling very soon after making some improvements that add value. If you plan on taking the safer approach, keep the following factors in mind when searching for the right investment property.

Look for a house or apartment unit that is close to where you live, so inspecting the property and overseeing maintenance will be easier. Choose an area where there is clear potential for future development, and you will benefit from the inevitable increase in property values. If you have the choice of either buying a newly built or recently remodeled home or a less expensive house in the same neighborhood that needs a cosmetic makeover, buy the bargain property and upgrade it for a better long-term return on your investment.

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Q	What does the abbreviation PITI stand for?
A	Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.
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Rene Burchell, REALTOR®, real estate agent and broker for Dallas, Frisco and Plano, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Rene Burchell
Keller Williams Realty Plano
3600 Preston Rd. #100
Plano, TX 75093
Direct: 469-877-3303
Office Phone: 972-665-2803
Voicemail: 972-665-2882
Office Fax: 888-341-8050
Rene@ReneBurchell.com
Satisfied clients are the key to my success! My satisfied clients are my best resource for new business. In this very competitive business of real estate, service makes the difference. My service is second to none and has earned me a valuable source of referrals. I will listen to your needs and want to establish our goals and objectives. We work as a team to meet our goals and you will continually be in the loop during the entire process. In this fast paced market, I believe communication is key! If you are considering a real estate professional, please give me an opportunity to earn your business. I am confident you will be very happy!

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