It’s widely known that investment property is a worthwhile way to build wealth, provided the property is being sold for a sum greater than the investment. When it comes time to move property out of your investment portfolio, there are several steps to consider to improve the odds of a greater return on investment.
Start by figuring out the true state of the property, which involves taking a deeper look than just a cursory exterior examination. Hire a property inspector so you can take care of necessary repairs before a buyer sees them. It’s about being proactive versus reactive.
Does your investment property currently have tenants? You’ll need to coordinate with them to get your property quicker and for a larger sum. Speak to the tenants and let them know that the property will be sold. Consider working with their schedule to make showing a little easier for everyone involved and certainly allow them sufficient time (about a month) to vacate before the property will go up for sale.
Are you looking to invest in a Florida property? Give us a call.
This update is by hard money lending Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money lenders FL or hard money loans Miami, please call 954-816-0388 or fill out our application.