Property investing, like any investment, can be incredibly fruitful. However, it does come with its own set of risks if you’re not careful. Get your hands on as much information as possible – books, online articles, Meetup communities. Knowledge and planning is a great first step in ensuring that you make all the right moves.  Below is a quick, helpful resource on your Stillwater Minnesota Property Investing Journey. Contact our real estate experts at Applegate with any questions or to schedule property showings.

Property Investing Steps

Greg Herlean, Forbes Councils Member and Founder of Horizon Trust, recently wrote about a few things you should be aware of when it comes to property investing:

• Costs: It seems almost self-explanatory, but property investing can take considerable capital. Even if you’ve already set aside the money or are looking into a loan, other costs, such as maintenance expense, shouldn’t be forgotten.
• Real Estate Categories: There are a plethora of options to choose from – residential or commercial, a variety of rental arrangements, house flipping – so it’s a good idea to pick one that suits your needs.
• Sites: With the amount of capital on the line, you want to thoroughly vet the property before buying. That means examining the pros and cons, market value, demographics, community, rivals, and parking space.

Is There A Wrong Time To Invest?

With talks of an approaching recession, some investors may balk at the idea of property investing. However, according to a recent U.S. News article by Rebecca Lake, a recession may be a great period to invest, especially when you factor in how property investing can help you establish a steady income, lower volatility risk, and even surpass bonds and stocks.

Why Stillwater Minnesota Property Investing Is A Dream Come True

In addition to Stillwater’s active tourism industry, it’s an excellent place to work and live. Investing in property in the Stillwater area will not only increase your profits, it will provide you with financial security.  At Applegate, our knowledgeable real estate agents go above and beyond to find you exceptional commercial property, so contact us today.

Taking the property investing plunge can be exciting, reassuring, and come with a host of other positive feelings. Securing your financial future isn’t as easy as popular media would have you believe. In this blog, our real estate experts will discuss a few of the ins and outs of investing & real estate trends. Finally, we list why investing in property in New Richmond, WI, may be for you.

Property Investing Checklist

According to a recent Yahoo Finance post by Dori Zinn, a retirement and investing expert for Smart Asset, it’s a good idea to think about the following before exploring the world of property investing:

• What kind of property do you want to invest in? Perhaps you’re interested in house-flipping? Or maybe you want to buy commercial property and rent it out to entrepreneurs for a tidy profit. Or you want to invest in properties without owning properties. In that case, you can try real estate investment trusts (REITs).
• How much does investing in property in New Richmond, Wisconsin cost?
• How do you acquire funds? Generally, you will need to pay a 20% down payment on loans and financing. Great credit is also very helpful. In addition, it’s always prudent to set aside funds for unforeseen problems.

Real Estate Trends To Look Out For

As stated in a recent Forbes article by Ingo Winzer, President of Local Market Monitor, there are some real estate trends to keep in mind as you determine your next investing move. For example, the housing demand may keep increasing (due to business and job clustering) in big markets while leaving builders in the dust, which means more money in your pocket.

Why You Should Invest In Property In New Richmond Wisconsin? 

New Richmond is an excellent place to invest in commercial property. The community supports local businesses. At the rate New Richmond is growing, you’ll should take advantage right away. You found the right place if you want to reap the benefits of experience in property investment and avoid the common pitfalls that plague new investors. At Applegate, we use our expert knowledge to find properties that exceed your investment goals in the New Richmond Wisconsin area, so contact us today.

If you’re thinking about investing in commercial real estate, you may have encountered a multitude of sources singing it’s praises. While taking this step is exciting, it is also a serious move that can end badly if you don’t prepare yourself. As a commercial real estate company in New Richmond, WI, we’ve seen just about every miscalculation and slipup that can occur when buying property. Here are a few common blunders and how to avoid them.

Depending on Public Listings

Checking publicly available listings should be a part of your research, but it shouldn’t be the only aspect. Instead, enlist the help of a commercial broker in New Richmond, WI who intimately understands the local real estate market.

Not Appointing a Quality Property Manager

You can save time, relieve stress, and raise your profits by working with a property manager who knows what they’re doing. They can manage tenants, maintenance, and much more, while you work on other things that matter.

Limited Space

While you may think you’re saving money by buying a smaller space, it may not be enough in the long run. You should keep business growth in mind and purchase property that is slightly bigger than you require. This gives you the option of leasing until you grow.

Not Seeking Expert Guidance

Don’t forget to recruit the help of a lender, lawyer, and a commercial real estate company in New Richmond when starting your search. Picking a real estate investment without experts by your side makes the process much more complicated and risky.

Misjudging Costs

It isn’t a secret that buying commercial property comes with several costs. Make sure you consider every possibility, like ads, mortgage, insurance, taxes, repairs, and vacant space, as accurately as possible. If you’re looking for a commercial realtor in New Richmond, WI, contact Applegate today. We can help you avoid these common commercial real estate obstacles and invest successfully.

Finding the perfect tenant can be tricky, especially if you don’t know where to start. Fortunately, our team at Applegate are experts in tenant property management in New Richmond and want to help. We’ve gathered a few nuggets of wisdom to get you started.

Know the Law

If you don’t have a legal background, understanding commercial law can be incredibly confusing. It’s important to know your tenants’ rights as well as your own. Working with a trusted property management company in New Richmond, WI will safeguard your commercial real estate investment.

Don’t Forget About the Criminal Background Check

You must equip yourself with as much knowledge as possible before selecting a tenant. A property manager can help you run an in-depth criminal background check that covers all the bases.

Use Your Intuition

While facts are critical to the tenant screening process, ignoring your intuition is not a good idea. Dig a little deeper if you have a hunch and discuss the situation with someone you can trust, like a property manager. Use as many sources of information as you can during this time.

Credit is Key

Tenants who have good credit are more likely to be punctual with their rental payments and treat your commercial space with care. Our team of experts in property management in New Richmond, WI takes care of credit checks, so you don’t have to.

Picking Long-term Tenants

Tenants that stay long-term bring in a steady flow of revenue, so it’s a good idea to avoid picking a tenant that has a history of hopping around. A quality property manager can help you find the ideal tenants. At Applegate, we’re specialists in rental property management in New Richmond, WI, and can make your search fast and easy. Contact us today to speak to our property management experts.