There are a variety of ways to build wealth in Real Estate and with the right strategies and guidance, it can be a path to financial freedom. I enjoy educating and collaborating with Clients on various Real Estate avenues. Real Estate is not a fad, it is a Market that continually changes, and understanding that is the key.
- Primary Residence: there are many considerations to keep in mind when upgrading your home to maximize future gain. I continually consult with Clients long after purchasing their home to review the value of their chosen upgrades. It is critical for Homeowners to get a second opinion from a trusted source to understand the future gain on their improvements.
- Second homes: Reviewing demographics and understanding Area’s statistics are essential components in making the right purchase choice. Assistance to decipher these factors along with area highlights are just a few reasons why you should be represented with experience. If looking out of state for property I can refer within an established network of like-minded Real Estate Advisors.
- Short-term rentals: otherwise known as Vacation Rentals can be an excellent choice for future passive income and understanding demographics in any area has never been more critical. There are many components besides City Permits to consider when making this purchase, partnering with an Agent’s knowledge can make or break your success.
- Flipping: also called “Wholesale Real Estate Investing” is strategic and all comes down to numbers. There is no emotion in this purchase. A property either fits within the minimum guidelines for return or does not. Navigating through numbers objectively is an Art, and having an Agent on your side to do so is everything. Whether you are a Seller that has a property that appeals to this type of Investor or a Buyer looking to purchase, having an Agent that can support YOUR interests is everything.
- Single Family Homes or Condo Rentals: Selling/ Buying Homes or condos are additional ways to achieve passive income. Understanding returns, expenses, and the rental market are critical in making the right choice of which property to purchase. In Selling, defining net proceeds In Selling, defining net proceeds, assessing deferred maintenance, and weighting upgrades are a few staples that should be reviewed objectively.
- Duplex (2 units) or 24 + units if you are planning to Sell or Purchase there are a multitude of cost factors that impact the bottom line. Local County Rent Control Ordinance dictates what percentage annual increase is allowed in addition to adhering to City regulations.