Topic > Investing in Distressed Properties - 1634

I acquired $150,000 in cash to use to purchase distressed properties. I want to maximize the return on my investment both in terms of financial profit and personal satisfaction. I am interested in purchasing a house to live in. I work from home, so the facility must allow for a home office. My needs have changed compared to ten years ago. I am more aware of things like security, economics, environmental issues and financial investments. The new millennium has seen a dramatic redefinition of value and well-being. This was partly caused by wars, natural disasters, energy concerns and economic crisis. Increased awareness in my environment and technological advances have greatly influenced how I work and live and how I define safety and well-being. When searching for a property, I would work with a real estate agent, home inspector, and appraiser to maximize my investment by understanding the values ​​and integrity of any property I may purchase. Since I will be purchasing a piece of property with the intent of making it my home, the community in which the property is located is important to me. I prefer small, quiet cities. I don't want to fight traffic, noise and crowds. I am also interested in low real estate taxes. I find that small rural towns offer these specificities. As a rule, older rural communities tend not to attract many new families, because most people live closer to their jobs in larger cities. As a result, property values ​​are often lower than those in cities. There are greater geographic advantages for people who work from home. I can live almost anywhere within a four state area. Additional benefits of living in rural communities compared to a big city include lower crime rates, mediocre curriculum. Investing in a home that I can live in for the rest of my life is not only doable, but it's something I hope to do one day. Investing in the immediate and long term, taking into consideration my ideals regarding security, economy, environment and financial investments; it increases my confidence as a buyer. I work from home and love small rural towns and big old houses. Revitalizing a distressed property in a small, rural town can have a huge positive economic impact on the community. It can provide employment for local traders and those who sell materials and supplies. Tax revenue from the property allows the local government to meet its obligations. Here's how I would invest in my community. Maybe one day I'll have a bed and breakfast. But first I have to finish my studies, which I hope this essay will help me do.