Specializing in Burgaw Investment Properties

Whether you're just getting started with your search for Burgaw investment properties or you're looking to build up your current investment property inventory, Burgaw real estate agent Vicki Foster is the agent for you!

Vicki is an investor herself with 19 homes. Eight of those investment properties are residential homes and 11 are commercial office spaces. So you can look to Vicki as your mentor when it comes to investing in Pender County real estate and finding the right property for you.

In addition to her direct experience with investment properties, Vicki Foster has over 12 years of full time real estate experience and has extensive knowledge about the Burgaw and surrounding Pender County areas to help find the investment property that suits your needs. Vicki also has years of experience as a Burgaw and Pender County community leader.  She cares about this community and is excited to help you learn and invest in this area yourself.

Tips for Real Estate Investing

Real estate can be an excellent choice for an investment, one that can take advantage of low mortgage rates, can build equity for you, and can potentially ride out the ups and downs of a crazy stock market. But we want you to be aware that there are many factors to consider when searching out real estate to use as an investment property in Burgaw, NC.

You're the Landlord Now

First thing to consider: are you ready to be a landlord? If you already own your own home and/or other investment properties, then you know any home needs maintenance, upkeep, and repairs. And you really do want to stay on track with maintenance with your investment property so it will be in a good position when it comes time to sell.

You'll also be responsible for screening potential tenants, collecting rent due, and being on-call for emergency repairs. Now, you may choose to hire a "handyman" or property management company to take care of regular upkeep and repairs but remember that you are still ultimately the person responsible for the property and for the behavior of the tenants chosen to live there.

Considering Finances for Investment Properties

We advise that you talk to a mortgage loan professional who specializes in investment property loans. You'll find that many lenders require a bigger downpayment and offer higher interest rates with an invesment property. Lenders also generally require a stronger financial portfolio to obtain a loan on an investment property. This is because they fear that you're more likely to default on a loan for an investment property than on a loan for your own home.

Remember that there are special tax breaks for owning an investment property. Depreciation and a certain amount of losses on a property may qualify you for tax breaks. Maintenance, repair, and upkeep costs can be tax deductible. But it's important to factor in all costs of an investment property, including downpayment, monthly mortgage loan amount, taxes, and insurance to figure out whether this real estate investment is a good one for you.

A good formula for figuring whether a particular investment property is a good investment for you is to make sure your rental income will cover your monthly and out-of-pocket costs. You'll need to factor in monthly mortgage loan payments, taxes, insurance, maintenance, expected repairs, and even a minimum vacancy rate when calculating your costs.

Trust Vicki Foster with your Burgaw Investment Property Search

With Vicki Foster working for you, you have access to a rich resource of knowledge and experience in the Burgaw and Pender County real estate investment market. As an investor in 19 properties herself, both residential and commercial, Vicki can lend you the expert advise and guidance you'll need to choose the right type of property for your investment. Contact Vicki Foster today to get started on your Burgaw investment property search. You can also search featured Burgaw NC properties for sale now!