While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?

Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.

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Bonnie Fagoh
C21 Beggins
6542 US Hwy 41 N
Apollo Beach, FL 33572
813-658-1344
Fax: 813-645-8892
BonnieFagoh@NUMBER1EXPERT.com

Bonnie Fagoh again Awarded Masters** Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has again been awarded Masters level recognition for 2008*** In a year that experts have noted as the most difficult on record, Bonnie has quietly gone on with what she loves and that is helping families find fantastic opportunity in this coastal community and it shows! "What I have found in 2008 is that many people are very frustrated with the "foreclosure bargains" that they have been steered to, only to find after many aggravating months and been thru the ringer with the lenders that they are forced into a situation where these distressed properties are as is, in need of repair and neglected, I have helped families buy brand new homes never been lived in and with full warranties Close in 2 weeks that's 2 weeks vs the national average of a minimum 2 to 3 months with distressed property. Some big national builders need to keep the scaled down workforce busy even if that means selling at a loss (under replacement cost)." "The hassle of liens and second mortgages etc... does not exist with these brand new bargains." Of course all the normal due diligence has to be performed for example the history of the neighborhood many of these factors cannot be determined off of photos or a written description... No in today's market as competitive as it is it pays to go with a pro that is very knowledgeable about the local area. You need to know that a realtor is serious about the profession. " I have lived in my area over 18 years and in Tampa Bay for over 40 years the trends to me are clear says Bonnie ask how was your 2008?

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