Beautiful
Santa Barbara Real Estate
Santa
Barbara Real Estate, Montecito, Goleta, Hope Ranch
http://www.santabarbaraproperties.com
What to look for in an investment property:
a)
Can the property be purchase below fair market value? Generally
70-80% LTV (loan to value) is the criteria an investor looks for,
depending on the amount of rehab to be done. A clean, nice
property with no repairs needed would be a good deal at
80%LTV.
b) Can the property generate positive
cash flow through rental income? Also consider a lease/option, but
be aware of the laws involved. The lease/option is not legal in
Texas, and in some cases, a tenant on a lease/option can not simple be
evicted but must be foreclosed on.
c) Is the property set
to dramatically appreciate in value? In really hot markets, a
property can be a good investment at full retail value
d)
Can financing be attained through the seller on favorable terms?
e)
Are their special market conditions that make the investment
worthwhile? An example would be the Gulf Opportunity (GO) Zone Act
of 2005 which makes provides tax-incentives to investors in certain
counties in Louisiana, Mississippi, and Alabama.
Southern Investor works with investors all over the
nation. If you are in California and want to be a source of California
investment properties, or if you are interested in investing in California
real estate, Southern Investor is here to help. Be
sure to contact Southern
Investor.
You're due for a touch of Southern Profitability. Southern
Investor is your real estate investment resource, presented by Wade
Ogletree, Century 21, Professional Services.