How to Invest in Your First Property

Buying one’s first property can be intimidating, time-consuming, and frustrating. But, with the right advice from experts, it doesn’t have to be! This post contains tips and tricks every first-time investor should know about to get their feet wet and make a significant investment decision. Here are some tips for any first-time investor:

Decide on an Investment Property

The first step in people’s decision-making should be deciding what type of property they want to invest in. This can be done by measuring their current financial situation and choosing a property to pay them back one day. For example, if they are looking to buy a small apartment building or house, doing so will give you $1,000-$1,500 monthly profit, which could eventually add up over the years.

However, if they are looking to buy a large house or rental property to live in, they need to decide if it is possible to make enough money.

Use Great Financing

Finding investors is a challenge for most people. However, there are ways to get investors for free if people know where to look for them. One of the great ways to find investors is through local property owners who have been renting their property out for many years. Once they talk to one of these people and show them their ideal investment property, they will likely give them advice and introduce them to new investors if that is what they need.

Choosing the Right Property Type for Their Needs

The next step is choosing the type of investment property they would like to buy. The decision depends on many factors, such as the property’s size, style, location, and condition. Most mortgages, however, only offer a certain amount of house or apartment properties per state. This means borrowers may have to call around and visit many different lenders to get the best deal on their property.

Buy in a Strategic Location

This step is crucial because it will determine the owner’s income. Most real estate buyers look for properties close to schools, hospitals, shopping centers, gas stations, or other public places where people might need or want to go. This makes it simple for the owner because they will get more renters who will pay them on time every month.

About John Gavin | Laguna Beach

John Gavin is known as a jack of all trades to the people he works with, but he is especially known for his exceptional sales and negotiation tactics. He's made a name for himself in both the software and hardware sales industry over the decades he's worked, as he's naturally talented when it comes to navigating an incredibly competitive and difficult such as this. When not at his desk, John absolutely loves to travel and spend time with his family. Nothing is better to John than learning about people from other cultures and countries, traveling to new destinations and learning as much as he can about the people there. He is also incredibly proud of his photography, a passion of his that he uses to make sure his family captures as many memories as possible.

Something that's helped John Gavin stand out among everyone else is his desire to help people in his community, namely the children. A particular passion that's stuck with John after college is his support of the Big Brothers and Big Sisters of America. He's keenly aware of how important it is to make sure that kids everywhere have the best role model possible so they can work to achieve the goals that they have for themselves. In keeping with this theme, John Gavin volunteers as a lacrosse coach with the Shooting Stars, Victory Lacrosse, and the Laguna Beach Little League. Learn more about John Gavin by visiting his websites, JohnGavinLagunaBeach.com, JohnGavinLagunaBeach.net and JohnGavinLagunaBeach.org!