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Real Estate Tips
Investment Real Estate >Investment Real Estate

While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?

Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.

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Real Estate Trivia
Q 
What is a "jumbo mortgage"?

A 
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
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Katherine and Bill  McGregor, REALTOR®, real estate agents and broker for Wichita Falls, Sheppard Air Force Base and Burkburnett, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Bill and Katherine McGregor
McGregor Real Estate Group

2186 Kell Blvd.
Wichita Falls, TX. 76309
Phone: 940-322-7800
Fax: 940-264-7800
Email: katherineandbill@NUMBER1EXPERT.com


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