W8 // Real Estate & Homebuilders Guide // April 2018
Is it the right time
to buy an investment
property?
Q: I just read your article on what to expect in the real estate residential market for 2018.
I liked your perspective and have a few questions.
I’m considering investing in a home, located in a hot market. It’s a beach town community
on Long Island, N.Y., and I intend to rent the property for the next 10 years.
I think the potential rent will cover costs and, at best, the property will be net-zero
annually. So, I won’t make any money. It’s definitely a risky investment due to the cost, but
it’s a popular destination for families and young adults and we would actually like to retire
there. We currently live a few towns away.
The home is improved post-Hurricane Sandy, like most other houses in the community,
which is part of the factor of the surge in home prices. It’s not the perfect home or
improved enough to our liking, but it’s in the area we desire and our family lives close by.
I realize I’m sort of answering some of my own questions, but we are stuck on whether
we should buy a smaller (not raised about sea level) property that we could improve or
cont...
Your home,
your team
Let’s get started today
website:
Pendleton Branch
Elaine Anderson
Sales Mgr. | Loan Officer | NMLS #487577
112 S. Main Street, Pendleton, OR 97801
O: 541.304.2069 | M: 541.429.5029
eanderson@guildmortgage.net
website:
guildmortgage.com/elaineanderson
website:
Hermiston Branch
Katie Johnson
Loan Officer | NMLS #523220
1565 N. 1st St., #5, Hermiston, OR 97838
O: 541.371.5562 | M: 541.720.2786
katie.johnson@guildmortgage.net
website:
son
website: guildmortgage.com/katiejohnson
Guild Mortgage Company is an Equal Housing Lender; NMLS #3274. ML-176. Elaine Anderson and Katie Johnson are licensed to do business in the state of Oregon. (18-6848)