Profile picture for user619707

need advice on buying a house (first time buyer)

We are a couple, single earning, currently living in Cambridge. 
Need advice on buying a house for "investment only" that we can sell with good returns in next 5-8 years.

No preference for location as of now. Just need to maximize our return. 







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July 11 2012 - US
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Profile picture for sunnyview
Buying your first house for investment purposes can be tricky since you simply do not know what you don't know. You need to read all you can and become familiar with how a cash flow positive income property should work, what the typical buying/selling/management expenses are and what the traditional rate of return for your market is.

An investment minded agent may be able to help you, but it can be dangerous as a new buyer to trust the first agent you find to find you an investment property that will have appreciated beyond the cost to buy it in the timeframe you are suggesting.

It can be done, but you have to know what you are looking for and be willing to accept a long timetable of the market does not go as well as you hope.
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July 11 2012
 
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