How to pick the right property for me?

It is hard to make money and not spend it all. Our ideal goal should be to use part of our money earned to generate more money. In order to do so, we look which investment is the best for us. It is recommended to diversify your investments for more security.

Investing always carries in its back the word "risk". That word is heavy and scares everyone. There are several points we should all take into consideration before signing any paper. Investing on a property in the right way depends on how much information you have in your hands.

I'll try to give you some tips that could be useful for a real estate investment. In real estate there are pros and cons, as we have in all things. Some pros are:

• Real estate market value is usually ahead of inflation.
• Normally, if it is in an area that has high demand, the value will go up fast.
• If it is your homestead you receive some tax exemptions.
• You can leverage your investment with a mortgage. (Since July interests have been very low)

Some cons are:

• Real estate investment is illiquid, meaning that it is not sold fast.
• A property needs maintenance in order to keep its value and good condition, but there are companies that can manage the property for you.

As a real estate associate it is important to me to try to see things in the eyes of the customer and my salary has to come from how much information I can provide.  If I was doing an investment by myself the basic questions I should ask myself are:

• How much am I willing to invest?
• Do I need a mortgage? How much can I pay monthly?
• What expenses are part of the process? (So you can consider them)
• What is the possible annual taxation that I might have? (In the U.S. there are property taxes which some countries don't have)
• Is the property for myself or as an investment to lease?
• What are my needs or interests (rooms, bathrooms, kitchen, house/condo/townhouse, pool, etc)?
• What location do I prefer? Which is my driver? (price range will help to filter this point, schools, work place, size, amenities, etc.)

Those are the basic questions you should answer yourself. Price range is always a good filter and not always the most expensive or bigger properties are the best. Remember that real estate market is moved by the principle of supply and demand. You should look for a property that can be sold in the future with a possible capital gain and that can be found by looking at analytics, the tendencies of the market. For example, Miami's average household is getting smaller, so the demand for smaller apartments and houses is needed, so buying a big house or apartment will be harder to sell in the future at a good price.

I have tools to help you get a full picture of the area: demography, prices, houses that have/are being sold, stores in the area, tendencies.  One important tip I'm giving you right now (which I'll use in another article) is based on a study made by Go Banking rates (https://www.gobankingrates.com/mortgage-rates/cost-renting-vs-owning-home-state/) that shows that in Florida it is cheaper to buy than to rent. For investors interested in buying to rent their properties it is a good time now, low interests and good return.

For any aid I can give you, write me to my email (gianfrancogiammattei@keyes.com) or download my app at http://ms.keyes.com/keyes68930/.