| A lot of research has to be done by people who | | | | him or her to be interested in purchasing the |
| buy investment property. First and foremost, | | | | same. This may mean the number of units in an |
| information on property values and rents in the | | | | apartment building, remaining tenure of the leases, |
| area the investor is interested in has to be | | | | number of rooms in a house, availability of garage |
| obtained. This would require checking rental ads in | | | | space, expected rental income and so on. |
| newspapers, discussions with local real estate | | | | Defining the criteria allows the investor to narrow |
| agents as well as landlords about their advice and | | | | the search down to a business perspective rather |
| experience relating to local property deals. Court | | | | than an emotional one and can hugely impact the |
| records as well as those with the land registry | | | | possibility of success in this line of business. After |
| and law enforcement offices are also good | | | | the investor identifies a suitable property, a |
| sources of information. | | | | thorough analysis of the unit is a must and |
| Another area of research could be with regard to | | | | information on the reasons for the current owner |
| financing options, if that is required by the | | | | selling the property, unpaid taxes, amount that will |
| investor wanting to buy investment property. It is | | | | be required to repair and improve the property, |
| always a good idea to list the criteria in a | | | | market value of the dwelling, possible rents ... all |
| property that the investor thinks is essential for | | | | have to be checked and verified. |