- Introduction
- Financing Your Investment
- So You Want to Be a Landlord?
- Is Professional Management Right for You?
- Buying the Right Type of Property
- Finding the Right Property in the Right Location
- It's Number Crunching Time
- Uncle Sam: Your Partner in the Deal
- Other Real Estate Investments
- Converting Your Principal Residence
- Some Helpful Hints
Once you decide which type of property you want to own, the next step is to find the right location. What do we mean by the right location?
Think of yourself as a potential tenant. Would you rent an apartment or condominium in that community? Is it close to major avenues of transportation such as buses, trains, or highways? Is the neighborhood desirable? Of course, what is undesirable for one person may be perfect for another. If you think the area would make it hard to attract tenants, then consider buying somewhere else.
Does the current owner have problems attracting and keeping tenants? Don't be afraid to ask pointed questions; this is your money at stake. You would thoroughly evaluate any other type of investment you are considering, so be persistent and if you don't like what you hear, walk away and look elsewhere.
IMPORTANT NOTE: It is risky to rely on the possibility of appreciation alone when purchasing a rental property. The income generated from renting the property is the more important consideration. If the value of the property rises, this is an added bonus.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
