Columbia has turned out to be one of the most profitable real estate destinations in the last ten years. Investors with varying objectives have acquired different types of properties. Most have reaped rich dividends, often much greater than what stocks and bonds can offer. There has been a steady increase in investors parking their money in properties across Columbia for retirement portfolios, to diversify into real estate and also to generate a passive income. Real estate professionals have embarked on new careers by flipping houses. Many investment companies have turned to rental properties for cash flow. Others have invested in both commercial and residential properties in and around the city.
Evan Roberts, the owner of We Buy Houses company Dependable Homebuyers, says that real estate investments have turned out to be very profitable due to the distressed inventory of houses. There are few takers for distressed houses. They are difficult to sell in the open market. Retailing such inventory is near impossible when there are better options. The distressed inventory has opened up a vast realm of opportunities for investors and real estate professionals. These houses can be acquired, renovated and sold, which is basically flipping. Many such houses have been turned into rental properties. Some have been rehabbed as vacation rentals. There is substantial scope to tweak a proven strategy to meet a predetermined objective.
Roberts is encouraging investors to explore the real estate sector and particularly the housing market in Columbia. But he also has a word of caution. Investors who have little or no understanding of the real estate industry, property development or remodeling, home improvement and flipping, sales or the local laws can get into trouble if they take unwise risks. The risks have to be mitigated with the right advice. Smart decisions can lead to assured returns. For instance, many investors outsource property management since they do not want to deal with the nitty-gritty of rentals. While a property management company reduces the immediate profits due to the cost of their services, this strategy pays off in the long run as fewer mistakes are made, if any at all. This ensures more assured cash flow. Many owners of rental properties deal with prolonged vacancies, irregular rent collection and other issues. It is better to part away with a bit of the cash flow to ensure sustained profitability. Read the recent press release they published at https://docs.google.com/document/d/1FWjMr3s8EqTvw1V7j7L647HqiEPVZQ0w4JOFbjRjGxg/preview.
Real estate investment firms like Dependable Homebuyers have reaped the rewards of venturing into the market and making the most of a growing distressed inventory. Evan Roberts and his team at the We Buy Houses company continues to acquire residential properties. They sell refurnished, renovated or improved homes. They also have rental properties. Over the years, they have purchased all kinds of homes, including hoarder houses and properties under foreclosure. They have also bought houses with tenants residing in the properties at the time. They have the expertise to deal with all such specific issues. It is this kind of expertise that is at the crux of churning sustained profits with real estate investments in Columbia. For more details, contact Dependable Homebuyers directly.
SOURCE: Press Advantage [Link]
Dependable Homebuyers is a local home buying company in the Baltimore-Washington metropolitan area. We buy houses in any condition and any situation. Want to sell your house fast? Give us a call at (443) 219-8331 for a cash offer within 24 hours.
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