How to Get Started in Real Estate Investing

Investing in real estate is one of the world’s most venerable pathways to building wealth. When properly managed, income from renting or real estate investment trusts can provide you with the financial security to plan out the rest of your life. The conclusion is easy to envision, but knowing where to begin can be overwhelming, particularly for anyone who has never previously owned a home.

At Windermere our goal is always to improve and support our communities, so we’ve put together a few key things to keep in mind as you enter the world of real estate investment.

Know the right type of investment for you

Investing in real estate needn’t commit you to being a landlord. A Real Estate Investment Trust (REIT) is a low-maintenance way to get involved in real estate with next to none of the day-to-day monitoring required of direct property management. REITs are trusts that typically own multiple properties, and investors may purchase shares within the REIT. Typically, as the value of the property rises, so too do the values of your shares. If you’d like to dip a toe into real estate investing before diving in fully, a REIT is a great place to start.

Start with your own home

Owning the roof over your head is a basic step towards investing success. Even better, when you plan to live in the home you’re buying (rather than renting it out), you will likely benefit from lower mortgage rates and a cheaper down payment. The reasoning is straightforward – lenders see a loan to people purchasing the home they live in as an investment in people highly committed to the property.

Once you’ve owned your own house for a few years, you can look to purchase a new home to move into. By purchasing the new home with the intent to move in, you’ll be eligible to receive more favorable financing once again. After you’ve secured your new home, your first home is primed to be transformed into a rental property, and you can continue to see a return on your investment. If you’re seeking further support with buying a first, second, or third home, our website and our agents are full of information.

Cast a wide net

The best investment opportunity isn’t always going to be right underneath your nose. While there are logistical benefits to focusing locally with your investment, you may miss more profitable opportunities in another burgeoning market. Real estate is a long game, and patience tends to be rewarded. There’s no cause to rush a decision of this magnitude, so investigating other states and regions to find the property that best fits your situation is a process worth considering.

The post How to Get Started in Real Estate Investing appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Focus on Fort Collins

This week we will focus on Fort Collins and give you some Fun Facts about the “Choice City”.

  • The average single-family home price is $436,275 and is 8.4% higher than last year.
  • There have been 6.4% more transactions this year compared to last year.
  • The number of new homes that have hit the market is down 7.5% compared to last year.
  • On average, it takes 83 days to sell a single-family home which is 9 days faster than a year ago.
  • The average price for multi-family (townhouse, condo, etc.) is $290,971 which is 5.8% higher than last year.

If you have ever thought about investing in Fort Collins or in anywhere else in Colorado, but you weren’t sure how to get started, the investment webinar we created can help you out. Click HERE or the image below to get started!

Windermere Workshop - Investing in Real Estate

The post Focus on Fort Collins appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.