Buying Investment Properties In Nashville TN

With so many distressed listings and foreclosed homes on the market right now, the idea of investing in real estate seems to be gaining popularity. If you’re wondering whether you’re cut out to be landlord youll have to decide.Here are two helpful links to all the Nashville TN HUD Homes List and the Nashville TN Foreclosed homes list

Advantages of Owning Rental Property

Owning real estate certainly has its pros and cons. Let’s start with the good stuff: It can be very profitable. Real estate is a tangible asset that you control and everyone needs a place to live. You can make money with real estate in two basic ways—cash flow and appreciation:

Cash flow or income results when the rent you collect from a tenant exceeds your total expenses. Expenses for a rental property may include the mortgage payments, property taxes, insurance, maintenance, and repairs.
Appreciationis the increase in value that a property can experience over time.

How to Make Money on a Rental Property

You might buy a property in a good neighborhood that needs repair. If you’re handy and like doing fix-up work (or have enough profit in a deal to hire a contractor), you can make the repairs and sell it for a profit, or keep it for a rental. Some people like to invest in multi-family properties that are already making money or one where they can live onsite in one of the units. Or you could buy a vacation home that you rent out on a weekly or monthly basis and use for yourself part of the year.Of course the other side of investing is flipping properties if you dont wont to be a landlord.Buy a cheap price for cash put some love into it and sell it...I

f you have a mortgage once you pay off ,it can be a nice source of extra income while you’re still working or during your retirement. So, how you structure a real estate investment depends on your resources, how long you intend to own the investment, and the features of the property that you buy.If you have any questions about investing in the Nashville TN Real Estate market give me a call at 615-476-2953 to discuss your options.