Investing in real estate is one of the most reliable ways to build wealth, but not all properties are created equal. How can you ensure you’re making a smart investment?
Lindsey Harn has a simple rule of thumb: “Don’t buy a piece of real estate you wouldn’t feel comfortable moving into if necessary.”
Harn emphasizes that it’s important to choose properties with strong upside potential. Look for opportunities to:
- Add bedrooms or an accessory dwelling unit (ADU).
- Make improvements that increase rental income.
- Invest in areas poised for growth.
By focusing on properties with room for improvement or value-add opportunities, you can maximize your returns and build equity faster.
Steps to Evaluate an Investment Property
- Research local market trends and future growth potential.
- Assess the property’s condition and renovation needs.
- Calculate the potential return on investment (ROI).
Investing with intention ensures that your real estate venture is both profitable and sustainable.
Ready to take your real estate investment strategy to the next level? Contact the team at Lindsey Harn Group for a no obligation consultation.