We’ve seen that a lot of people have a New Year’s resolution to finally make an investment in real estate.
Adding a property as an investment only is a great way to diversify your portfolio, whether it’s a small condo, a townhouse, a single-family home, a multi-family property, or anything else. If it’s something you’ve considered, I encourage you to reach out to me. It can be a scary process.
I’m here to tell you that you can, in fact, find the right property and you can go through the process pain-free. I do it myself, and I constantly work with investors to find really great deals that they can use as long-term builders of wealth. Just recently, a client of mine closed on a six-unit apartment building. The property yielded a 17% IRR (internal rate of return), an 8.9% year one cash-on-cash return, and a 7.69% cap rate.
Now, you might not yet understand what some of those terms mean, and that’s what I’m here for. This example is a very solid investment, particularly in the Washington D.C. market.
This is something most people should look for, especially if you’re primarily invested in stocks or bonds. I know this market extremely well and I know which neighborhoods that are transitioning that present an appreciation potential, and most importantly, what rents are doing in and around the city.
At the very least, ask a real estate professional like myself about it. I’d be more than happy to give you a free real estate investment consultation.