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Investment Real Estate

While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?

Location is the prime factor. A great location will make a property easier to rent or sell for top dollar, at a later date. You also want to consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you will want to consider the potential amount of equity you will build up each year. If you are planning to become a landlord in the New Bern area, it is a good idea to consult a Realtor and an accountant, to help make sure that your decision to purchase investment real estate is an informed one.