Although many people approach buying a home of their own with their heart, buying an investment property is all about using your head. What you buy ultimately will be decided by:
- Your investment goals – Are you looking for a quick (less than two year) return? Or is your goal to buy and hold for long-term growth?
- Your investment personality – How risk-tolerant are you? Are you looking for a sure thing with steady growth or are you willing to take a bigger risk for a potentially higher payoff?
- Your time – Do you want to be actively managing this investment or do you prefer a hands-off approach?
- Your budget – How much do you have for a down payment? How will you make the monthly payments on any mortgage?
It is good to think about these questions as you are starting to consider buying an investment property.
Did you know that over the last ten years, median sales prices in Bellevue have increased over 36% over the last ten years? Our area is one of the quickest-growing in the country due to our multiple industries; plus it is a really cool place to live! More people means more housing demand – buyers and renters – making this one of the hottest places to invest in the world!
If you think that investing in the Puget Sound is your next move, let’s talk. We can find the right investment for you.