We understand all aspects of real estate investment from straight forward one off condo rental to more complex deals involving IRR, NPV, 10 year DCF models, renewal probabilities and more
Buying an investment property isn’t right for everyone, and it isn’t the only way to invest in real estate, either. So, before you start looking for your first investment property, take a step back and decide if it’s the right way for you to get into the exciting world of real estate investing. That is the first conversation you should have with your expert.
There are many ways to invest in real estate. Ultimately, the strategy that is right for you is the one that fits your unique needs as an investor and benefits your financial freedom.
Keeping your spare home, maintaining it well, and selling it later may yield some profit as the DC market heats up.
You may consider buying homes in poor condition, fixing them up, and then selling the property as a fix-and-flip investor.
Location is nearly always the most important aspect in real estate. When it comes to investment properties, particularly in DC where each neighborhood has a unique style of homes, surroundings and lifestyle location is even more important.
Simply put, some communities have higher rental demand than others, so where you decide to put your property will affect who is likely to rent it. For instance, tenants with families are drawn to the neighborhoods with the best schools, just as young professionals are drawn to the areas with the liveliest nightlife.
So knowing the area, the neighborhoods, the surroundings and suburbs is extremely important when choosing where to invest.
The very last thing you want is to purchase a property without understanding how it will result in gains or income. It might be challenging to avoid being caught up in the buying frenzy during a hot real estate market or avoid jumping on a deal because of past difficulties on a cold one, but you need to step back and make a plan, including what to do if the market changes or your predictions prove to be incorrect.
You must choose an investment strategy before applying for a mortgage or putting down money.
What kind of a home are you seeking? For instance, single-family or multifamily real estate are both options. Vacation homes? Office, commercial, or mixed-use structures? Make a purchase strategy first, then look for properties that meet that strategy.
Don't skip research
Make sure to conduct thorough research on the area and the particular house you intend to purchase.
Don't go at it alone
To succeed, assemble a team of experts, such as a real estate agent, an attorney, and a handyman.
Do your Math
Make sure you can afford the property you bid on by carefully estimating the costs, such as mortgage payments, insurance, renovations, and upkeep.
With over 25 years of brokerage, property management, and investment experience, The Synergy Group continually grows its portfolio of investor clients in multi-family and commercial arenas.
We not only live in the D.C. area, but are actively involved in the community. We are the ones with the local knowledge to help you achieve your real estate goals.
We are well-versed in the community and receive opportunities before properties even hit the marketplace.
Our knowledge and connections will help you find the best opportunities that are right for you.
Finding a realtor who has investment properties is imperative. We have first-hand experience, which means less guessing and more efficiency.
We not only invest and help our clients invest in properties that are out there but we are constantly looking for new opportunities such as new developments and flipping properties.
When making a smart investment you need to know what a home will require in order for it to be up to your expectations of build quality. Houses may need a few things fixed either prior to purchasing a home or immediately after. It’s important to work with someone that can help you figure out what will be needed.
One of the most unique and exciting Washington, DC development offerings has arrived!
A new construction home in prime Chevy Chase DC location!
We are constantly scouting the market for investing opportunities whether they just hit the Market or have been sitting unnoticed. Come Back every week for our best picks.