Philadelphia Property Investment Tips
If you invest in the right Philadelphia Real Estate, at the right time, and at the right price, it’s proven to be a solid investment. Helping you put all those pieces together is why we’re here. We encourage you to tell us about your goals for investing in Philadelphia Real Estate, or even give us a call to chat. In the meantime, you can always read some of these real estate investment dos and don’ts. They’ll help you avoid common commercial and residential real estate investment mistakes.
Do follow the adage: "Location. Location. Location."
Some things never change. And this is one of them. Work with someone who knows where the prime properties are now and where they will be in 5, 10, and 15 years.
Don't always think bigger is better.
Investing is personal. And personal is not always what you get from large property brokerage companies. Your realtor should understand your tolerance for risk, your ability to manage the property, how much you are willing to invest, and what you expect to get in return.
Don't ignore the propensity for cash flow changes.
Cash flow can change from one economic environment to the next. The key is to limit your risk. A good broker will know how to judge present versus potential cash flow.
Do discuss cash vs. credit.
Work with your realtor to discover which is the best way for you to invest: cash or credit.
Don't rush in.
It may take a while to find the right investment in your price range. Be patient. It will pay off in the end.
Do go Solo.
As a family-owned business, Solo Real Estate understands the value of personal relationships. Our expertise in and knowledge of property investment in Philadelphia can help you find the right property at the right price. Go Solo before you go out on a limb.