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- January 29, 2023
What are the first steps in preparing to become a property investor?
There’s no such thing as too much preparation—even if it’s your first time.
The first step in any investment should be research. You need to know what you’re getting into before making an offer on a property or buying anything else related to the deal. Here are some resources that can help:
- Market Research: This is an overview of current market conditions in Mackay and surrounding areas, including median prices for homes in various neighborhoods and townships within a reasonable commuting distance from downtown Mackay (i.e., within 25 minutes). It also includes data about how many homes have sold recently at each price point so you can get an idea of where demand currently sits relative to supply.
- Area Research: This section contains information about schools near each neighborhood discussed above; whether they’re public or private institutions; average SAT scores among students who attend these institutions; average ACT score among students who attend these institutions; etcetera…
- Property Research: In addition to giving details about each specific house listed below (such as square footage), this section also provides links where visitors can find additional photos showing different angles inside each home so that potential buyers can see exactly what kind amenities come standard with every purchase!