The lease market in Milton, even with a lot of competition, is still strong after the usual Sept 1 rush.
If you've considered buying a place to lease as your first Investment, there's lots to consider!
1) Numbers (monthly costs in Milton will almost always outweigh rental income - are you ok with breaking even or a small monthly cashflow loss to offset the long term gain?)
2) More Numbers (What purchase price to monthly rent ratio makes the most sense?)
3) Even more numbers (What is more important, an extra $25/month, or finding the right tenant that will take care of your asset? There are ways you can have both, but if not, I know which one I'd choose!)
This is an investment, so don't jump in blindly and just assume every purchase is a good investment - ask an expert for our opinion and guidance! That part should always be free
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Fred De CarolisFREDHELPS.COM or
on Facebook Thanks for your support in the
search for Milton's Favourite Realtor!REVEL REALTY -- MILTON'S FAVOURITE REAL ESTATE BROKERAGE, as voted by YOU!!!
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