Helpful Tips for the Real Estate Investor Part 1 of 2

Real Estate Matters with Tim Bro

Helpful Tips for the Real Estate Investor Part 1 of 2

1.     Know what your goals are:

Talk to your real estate consultant about cash flow, capital appreciation, tax benefits, management methods, equity pay down, and pride of ownership.

2.     Knowing/checking income and expenses:

Check everything: rent income, taxes, expenses, deposits, lease expirations, etc.  Hype is an epidemic in investment real estate.  Also, factor in reserves for maintenance and unplanned events/issues.

3.     You’re buying a business:

Owning an investment property carries with it great responsibility and potential, along with some very difficult decisions – evicting tenants, who to rent to, whether or not to make certain improvements, etc.  Remember it’s a “hands-on” investment.

4.     Being emotional:

An emotional purchase is not your best investment strategy.  Pay attention to the numbers, not necessarily your heart.

5.     Negative vs positive cash flow:

Understand the cash flow position of each investment property. Are you looking to have a positive cash flow … understand what that entails.  Is a negative cash flow ok … if so, how much is allowable in your budget.  Reminder, factor the up side … depreciation, tax write offs, and appreciation.  Understand your numbers and goals.

 

6.     Ideal loan for your investment:

Here is a stress inducer – long-term investment goals financed with short-term instruments: a classic investment mistake.  My opinion, you should own real estate for the long term; utilizing long-term financing.

7.     Inspections:

Look at every inch!  Hire a professional inspector and ask the tenants questions about the property.  Don’t get lazy on this one!

8.     Read, approve, and confirm all documents during escrow:

Review zoning laws, rental applications and leases, by-laws, easements, title policy, inspection reports, purchase contract, insurance, rules and regulations, trust deed, mortgage, etc.

To discuss and review your current holdings and future real estate goals, call Tim Brodowski at 858-354-2354, “The Right Choice in Real Estate”.   

www.youtube.com/c/TimBroHomesUS

www.TimBroHomes.com

DRE# 01224576

Southern California Golf Communities

Real Estate Matters with Tim Bro

Southern California Golf Communities

Wish you could start the day by playing a few holes before breakfast?  Or a late afternoon round with family?  YOU CAN!!!!  A home on the golf course in San Diego County may be what you are dreaming of.  The San Diego area is famous for its world class golf courses and some of the most sought after and revered residential communities in the United States.  Whether it’s a coastal golf community in Carlsbad, an estate property in Rancho Santa Fe, an island property on Coronado, or a retirement home in Rancho Bernardo, Tim can guide you thru the process. 

The local golf course communities enjoy the exquisite California weather year round and are the ultimate golf destination.  The home communities are varied.  Some in warmer climate of East County, others in the rolling hills of north county San Diego, and others graced by gentle coastal breezes.  Homes in golf course communities can be condos, luxury custom homes, or smaller retirement homes.  The point being that there is a perfect golf community in San Diego County for everyone.  Let’s go play a round. 

To find the golf course home in the perfect neighborhood for you, call Tim Brodowski at 858-354-2354, “The Right Choice in Real Estate”.   

www.youtube.com/c/TimBroHomesUS

www.TimBroHomes.com

DRE# 01224576