WORST Way to Invest in Real Estate

If the property you are considering purchasing is a rental unit, you will want to make certain the property is in a location that is considered to be desirable. What makes an area desirable? It depends upon the type of property. If it is for commercial use, you will want to make certain the property is located in an area where a certain type of business is more apt to rent. For example, if you have a property that is more suited for retail and it is located five-miles outside of town on a back road, you are less likely to be able to rent the property for its highest and best use. If the property, however, is located on a main street, it makes the property much more desirable.

If it is a housing rental, you will again want to make sure the property is in a desirable location. If you find the property is located next door to a warehouse that works twenty-four/seven, you may find tenants are less likely to stay with all the noise nearby. Housing rentals located in a desirable location should be part of your real estate investment strategy.

Source: http://www.youtube.com/watch?v=vOfGaWFC5Fw