Happy New Year! 2023 welcomes a land of promise and opportunity for long-time investors and buyers. With interest rates rising and balloon payments coming due, I predict this will be be a year of opportunity for many people.
Hairy Properties
When purchasing investment property, many investors look for assets that may be distressed, in trouble of have some “hair” on them.
What does a Hairy Property actually mean? The definition of a Hairy Property is one that has the ability to add value, but needs work to bring up to speed.
There are some investors that prefer a very simple cash producing property, while doing little to no improvements on the space.
However, some investors prefer to take on a property in trouble or with some “hair”. Generally, these property offers a little more risk, but a lot more return.
Types of Hairy Properties
If you are looking for a hairy property or one with some upside, please contact us at garayrealestate@gmail.com
Garay Real Estate is a boutique network of a dozen agents, consultants, and marketing experts who assist sellers, buyers, and investors with smart investment transactions, ranging from multi-million dollar apartment sales to 1031 exchanges.
Garay Real Estate is a boutique network of a dozen agents, consultants, and marketing experts who assist sellers, buyers, and investors with smart investment transactions, ranging from multi-million dollar apartment sales to 1031 exchanges.
Copyright © 2007 – | Garay Real Estate | All Rights Reserved | Powered by LeadWorks
Garay Real Estate is a division of JSG Realty
Copyright © 2007 – | Garay Real Estate | All Rights Reserved | Powered by LeadWorks
Garay Real Estate is a division of JSG Realty
