An Introduction to Investment Properties

As MomVesting continues to cover stories related to investing within our own lives and within the stock market, we would be remiss if we did not cover non-traditional investments. These could-be cash cows include everything from side-hustle business ventures to lending clubs to investment properties (and so much more in between!). To begin our new venture, we'll take a look at investment properties.

Now, since investment properties come with tons of details, we'll have to spend a little bit of time on everything that makes up a housing market investment, including how to find a property, how to purchase a property, must-knows about being a landlord and other details that you'll benefit from learning. Let's look at each of these a little more closely now.

How to Find an Investment Property

To begin, let's look at some basic details about finding an investment house that is right for you. Before you even begin searching for that perfect property, you'll actually have to narrow down your options. Because there are tons of different property types, it's often best to determine which type of investment fits your lifestyle, your needs and your available funds. But that's a whole story in itself...which we'll detail in a later post. For now, let's move onto the basics of how to purchase that ideal property once it's found.

How to Purchase an Investment Property

As we continue in the new series, we'll take a look at some financial needs in investment housing purchases. Nowadays, it's not as simple as it once was to purchase an investment home. In fact, it can be downright difficult when you're surfing your way through the bank's need for: a large down payment, details about your finances, your plans for the housing finances and your extra cash on hand after the purchase. Since there's so much information, we'll look at this all in depth in the near future.

Entering the Landlord Gig

Keys in hand, you may be ready to rent out that first investment property, but there are tons of things you'll need to know about how to list the home, insure the investment property, write a rental contract, find good tenants and rent out the home. We'll go into detail about how to be the best landlord possible to the tenants of your dreams.

Other Details to Consider

Finally, when it's all said and done (and you're an investment property owner raking in residual income), there will be some more questions and concerns. We'll look at how you can safeguard your investment, increase the property's appeal to tenants, increase the resale value, quickly re-list a vacant rental property and maintain the property.

As we begin our new journey through investment property details, we hope you'll enjoy the ride. Let us know anything you've experienced in your own dealings on investment properties – we love to hear your stories!

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