Buying an investment property is a lucrative diversification strategy for many people. However, as with any investment strategy, you'll want to do research first to make sure that this particular avenue is right for you. With that in mind, we have your back. We've compiled the three biggest questions that you need to ask yourself before buying an investment property. Read on to see how your answers shake out.
Owners of multifamily buildings charged an average monthly rent of $1,419 in December, 3.2 percent more than in December 2017, Yardi Matrix reported.
The average monthly rent is expected to increase nearly 3 percent this year, according to the Yardi Matrix report.
Enacted as part of the December 2017 tax overhaul plan, Opportunity Zones began catching the eye of savvy investors last summer, who were eager to get in on a program that provides incentives for new investment in low-income areas.
The program allows developers and property owners to defer and possibly forgo paying some of their capital gains taxes, or taxes resulting from the sale of certain assets.