Comments on: Best Type of Property Investment for First Time Investors http://www.minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/ How to find, buy, and own Minnesota investment property. Fri, 21 Nov 2008 01:18:28 +0000 http://wordpress.org/?v=2.6.3 By: Scott Ficek http://www.minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-96 Scott Ficek Mon, 03 Dec 2007 02:24:53 +0000 http://minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-96 Doug- I do agree. but I think the 'marketing' perspective is a decision you make when looking at neighborhoods (early in the process). That is one of the first part of the conversations when I meet customers (it often also includes discussions about where they work, live, travel relative to these neighborhoods). Then we discuss type/size of properties (ie: this post). Then quality of buildings which may also allow for premium rent (such as larger than average rooms, architecturally significant, good amenities). Thanks for the comment! Scott Doug-
I do agree. but I think the ‘marketing’ perspective is a decision you make when looking at neighborhoods (early in the process). That is one of the first part of the conversations when I meet customers (it often also includes discussions about where they work, live, travel relative to these neighborhoods). Then we discuss type/size of properties (ie: this post). Then quality of buildings which may also allow for premium rent (such as larger than average rooms, architecturally significant, good amenities).

Thanks for the comment!
Scott

]]> By: Doug Stewart http://www.minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-95 Doug Stewart Sat, 01 Dec 2007 20:41:21 +0000 http://minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-95 Love your post from a 'management' perspective. However, I think it is absolutely critical to first look at it from a 'marketing' perspective. What is the demand for the various types of housing and what is the supply? If you go for a high-demand-low-supply housing you will be able to charge a premium that will easily cover any incremental management costs. If you happen to go for the reverse (based on low management costs) you will have to accept market-led low rents and may also have vacancy issues. First find out where the market is, then select based on other criteria (e.g. managment costs). Love your post from a ‘management’ perspective. However, I think it is absolutely critical to first look at it from a ‘marketing’ perspective. What is the demand for the various types of housing and what is the supply? If you go for a high-demand-low-supply housing you will be able to charge a premium that will easily cover any incremental management costs. If you happen to go for the reverse (based on low management costs) you will have to accept market-led low rents and may also have vacancy issues. First find out where the market is, then select based on other criteria (e.g. managment costs).

]]> By: Scott Ficek http://www.minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-94 Scott Ficek Fri, 30 Nov 2007 18:39:15 +0000 http://minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-94 Thanks so much. It did turn out pretty long, but it is a 30 minute discussion typically! Thanks so much. It did turn out pretty long, but it is a 30 minute discussion typically!

]]> By: John Gall http://www.minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-93 John Gall Fri, 30 Nov 2007 18:15:02 +0000 http://minnesotainvestmentrealestate.com/buying-property/best-type-of-property-investment-for-first-time-investors/#comment-93 Scott, great post this is exceeded what I was looking for. -John Scott, great post this is exceeded what I was looking for.

-John

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