Saddle River Real Estate Investment Tips

No matter the condition of our economy, investing in real estate will always be a great way to leverage your extra funds and get consistent, residual income. It is especially a great opportunity to invest in Saddle River real estate as the county where it is located, Ridgewood, is marked as one the top 30 places to live in America.

Three Things to Look for in a Ridgewood Property

Real estate investing can be very lucrative, but if you are not smart with your choices, it can be equally dangerous. When purchasing a property, consider the following:

Below Market Value

To get the most out of your purchase, it is best to look for a property listed below market value. These properties, which generally include foreclosed homes and buildings, may show some signs of deterioration. However, most of them require simple renovations to get them ready for rentals or whatever type of business you would like to use it for.

Positive Cash Return

Never purchase real estate that will only generate negative cash flow. Condos and vacation houses can be tempting, but they take a lot of time—often not just months but years—before producing a positive return.

Article submitted by Marron Gildea Realtors .Helping both families and investors find the perfect Ho Ho Kus, Ridgewood, and Saddle River homes. It is a company offering unparalleled dedication, top-notch customer support, and highly-personalized services.