Are you considering buying a piece of property as an investment? If so, you want to get the best ROI possible. In today's hot seller's market, it's especially important to do your homework before closing your deal. That means doing thorough research about the property you intend to buy to be sure that you don't pay more than it's actual worth or overlook some crucial features of the property (or the lack thereof). Below are some things to keep in mind when seeking an investment property to purchase.
The economic impacts of COVID-19 are unprecedented. Property owners, investors and residents alike are facing challenges that no one could have seen coming. Due to the state’s closure and reopening plan, many residents still are unable to work, especially in industries such as restaurants or hospitality. Without receiving a monthly paycheck, and even if any kind of second stimulus package is released, many residents are only able to pay partial rent or are unable to pay their rent at all.