The Velez-Cardamone Team can link you to "top tier" expert real estate brokers in the USA and internationally. 


If you're thinking about investing in a rental property, experts say low home prices combined with low interest rates make this the best time in years to become a real-estate investor.


Watch the video to hear the latest on investor statistics compliments of CIAS and the Velez-Cardamone Team.


These 5 tips will help you get started.
  1. Know your options. Not all investment properties are the same. Determine what type of property fits your strategy. Do you want to be a landlord? or Do you want to restore and resell properties? Interested in apartment buildings and other commercial real estate? or Do you want to buy land to be developed? If you are a first-time real-estate investor, you may want to start with residential housing.
  2. Partner with experience. First-time investors should find a real estate agent experienced in investment property deals to help you locate promising properties. Look for a broker/agent who expects to do business with you again and wants to develop a relationship. Another option is to collaborate with a more experienced real estate investor and close a deal together.
  3. Look for the right location. If you buy a property as a rental, location is key. Homes in high-rent or highly populated areas are ideal. Stay away from rural areas where there are fewer people and a smaller rental pool. Also look for homes with multiple bedrooms and bathrooms in low crime neighborhood. The more you have to offer the better the option to rent or sell at a later date.
  4. Have capital lined up. Speak with potential lenders or a financial planner about whether you have enough assets to handle the ups and downs that come with investing. Even if you plan on renting the property out, plan on having to pay the mortgage when it is vacant. Plan for being able to pay six months of mortgage payments. If the home stays rented, you can use this money for planned improvements to the property.
  5. Build a supporting cast. Line up maintenance personnel who you can call on to take care of different challenges that occur. Build a relationship with an attorney in cause of tenant issues. A property management firm can handle the day-to-day rental affairs and an accountant to help you understand your taxes. The more support you have, the better you will be able to handle the problems that come your way.
Luz Velez-Cardamone is a Certified Distressed Property Expert (CDPE) and can assist you with any decisions you need to make about investment in real estate in Cooper City, Davie, Fort Lauderdale, Miami, Miramar, Pembroke Pines, Weston and the Beaches.

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