There are many different real estate investments one can invest in. One real estate investment is the lease or rent to own properties. With this type of investment, an investor can help a family who can’t afford to own a home. In this type, the investor can receive rent payments higher than the usual amount, but will eventually sell the property in the long run. But in the case that the purchase wasn’t complete, they can have it rented again. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know you will also have no worries with the repair and maintenance because the tenant or the family will have to do these all for you. How you start in this business, what you have, and your strategies will determine your success rate. Take your time before you plunge in and when you are ready, it is wise to use several options to spread the risk because real estate market is so unpredictable. Check out below to see what sold in Walden Woods in January 2016:
25578 Arcadia Drive, Novi: 5 bedrooms, 3.1 bathrooms, 3,088 sq. feet, 2 car garage, Sold Price: $495,000
Walden Woods Home Sold
January 2016
House flipping is another popular real estate investing strategy that can offer instant profits. However, this is a high-risk venture because the investor typically buys a property and makes a way to sell the property quickly. For more information on Walden Woods, or similar Northville or Novi neighborhoods such as Quail Ridge, Windridge Place and Arcadia Ridge, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.