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Where to Buy Investment Property in Hayward

Deanna Hansen - Wednesday, April 02, 2014

Today, we’re talking about where to buy investment property in Hayward and neighboring areas around here. Before you buy, it’s important to decide what your objective is for this particular piece of property. Determine whether you are looking for immediate cash flow or a long term investment. Or, maybe you’re looking for a place that you can move into yourself when you’re ready to retire. Understanding your goal is more important than the area you select.

From a management perspective, a relatively newer neighborhood is always easier. There is often less maintenance involved in homes that aren’t too old or neglected and there are also fewer problems with tenants in these types of neighborhoods. They make very desirable rental areas, especially for young families. You don’t have to look for a property that is brand new, but on the newer side and in good condition. You don’t want to buy something that is falling apart. There are pockets of these neighborhoods in Hayward and similar areas that are a little bit nicer and easy for attracting tenants.

Logistically speaking, you want to choose an investment home that is closer to transportation. Look for a house with local freeways that area easy to get to and plenty of shopping nearby. Schools are also important. Families will children will look for a rental home that is in a good school district, so get to know the school system in the neighborhood before you buy. Generally speaking, a three bedroom home with two baths and a garage are the easiest homes to rent. You want to find a house that is between 10 and 30 years old. These are the best the places to buy when you want to rent the property out, and there are lots of properties that fit this description in Hayward.
 Where to Buy Investment Property in Hayward Based Off Of Your Financial Goals
Get yourself a good real estate agent when you begin looking for a house. It helps to work with someone you know and someone you are comfortable with. We would be happy to give you rental values before you buy so you aren’t surprised when you close the deal and have to start looking for tenants.

If you’d like some help finding a good investment property, or you have any questions on how to choose the right one, please contact us at Aapex Property Management, and we’d be happy to help you.
Comments
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