Who Makes the Best Property Investors?

Posted by Glenn Bancroft

Young couple purchases an investment property

Do you have what it takes to purchase an investment property? Would you like to establish a source of residual income? Although not everyone is in a position to own investment real estate, there are some great candidates for property investors. Keep reading to find out if you are one of them:

Those with Sufficient Resources

Unless you are incredibly disciplined, it is difficult to invest in residential income properties without the right financial resources. This doesn’t always have to mean cash in the bank, however. People with good credit and access to financing might want to consider investing in a rental property. With the right financial resources, you can ride out the ups and downs in the economy while generating extra capital gains from your rental.

Those with Patience

At Bancroft & Associates, we have a “get rich slow, stay rich long” philosophy. We have been involved in real estate for over 50 years in the Tucson area. This gives us a terrific perspective on how time works in the interests of our rental property owner clients. Investing in real estate can be secure with the right experience and knowledge. Investing smartly in rental income can improve your personal finances and net operating income.

Client signs document regarding real estate activity next to lawyer or real estate agent sitting at office desk.

Young Professionals

Starting out in your career may not seem to be a good time to invest in residential income properties for sale, but is actually an ideal time. Getting involved in investing in real estate when younger can be a tremendous asset, especially if you don’t have dependents. Afraid you don’t have time to be a landlord? Working with a property management company like Bancroft & Associates helps you easily maintain your rental. This simplifies the process of filling vacancies quickly with qualified tenants, collecting rents, and completing maintenance requests.

Those Who May Have Inherited a Property

Inheriting a property is an excellent way to get into property investing. Rather than selling that property, you should consider turning it into an investment that produces positive cash flow every month for as long as you own it. Work with an investment company to evaluate the property and get suggestions on how to maximize its potential.

Blue and white toy houses

Those Who Desire a Vacation or Retirement Home

Investing in single-family homes is a good path to take if you want to have a second or retirement home in the future. Start looking at real estate property now that you want to use in the future. Purchasing and using this as a rental property gives you cash to use toward the mortgage payment. By the time you are ready to use it, you will have already made significant progress toward paying it off.

Contact Bancroft & Associates to Learn More

If you have questions or concerns about investing in property in the Tucson area, please contact the professionals at Bancroft & Associates. Since 1974 we have built our reputation as one of Tucson’s most respected real estate brokerage and property management firms. From assisting you in locating investment properties with potential to turn-key property management, we can do it all. Do you have what it takes to be one of the best property investors? Contact us at Bancroft & Associates and let’s find discuss your goals!

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Bancroft & Associates are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable but is not guaranteed accurate. Listing information Copyright 2019 MLS of Southern Arizona. All Rights Reserved.

Updated: 14th August, 2019 8:02 AM.