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Real Estate Tips

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	1. What Is a Short Sale?
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Real Estate Tips

Bargain Properties >Tips for First Time Investors

When starting out as a real estate investor, you can choose either the conservative approach of holding a property until it increases in value or the riskier approach of "flipping" - reselling very soon after making some improvements that add value. If you plan on taking the safer approach, keep the following factors in mind when searching for the right investment property.

Look for a house or apartment unit that is close to where you live, so inspecting the property and overseeing maintenance will be easier. Choose an area where there is clear potential for future development, and you will benefit from the inevitable increase in property values. If you have the choice of either buying a newly built or recently remodeled home or a less expensive house in the same neighborhood that needs a cosmetic makeover, buy the bargain property and upgrade it for a better long-term return on your investment.

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Real Estate Trivia

Q	What is the longest construction time for a private residence?
A	The Winchester House in San Jose, CA, was under construction for over 38 years.
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Fawn Brents, REALTORŽ, real estate agent and broker for Lee's Summit, Raymore and Kansas City, Missouri home listings, property and land for sale - NUMBER1EXPERT

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