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  • Essay / Investing in Distressed Real Estate - 1634

    I acquired $150,000 in cash to use to purchase distressed real estate. I want to maximize my return on investment both in terms of financial profit and personal satisfaction. I want to buy a house to live in. I work from home, so the structure must allow for a home office. My needs have changed compared to ten years ago. I am more aware of things like safety, economics, environmental issues and financial investments. The new millennium has been marked by a dramatic redefinition of value and well-being. This situation was caused in part by war, natural disasters, energy problems and the economic crisis. Greater awareness of my environment and technological advances have strongly influenced the way I work and live and the way I define safety and well-being. When searching for a property, I would work with a real estate agent, property 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 property with the intention of making it my home, the community in which the property is located is important to me. I prefer small, quiet towns. I don't want to struggle with traffic, noise and crowds. I'm also interested in low property taxes. I find that small rural towns offer these specificities. Typically, older rural communities don't attract many new families because most people live closer to their jobs in larger cities. As a result, property values ​​are often lower than in cities. Greater geographic advantages exist for people who work from home. I can live almost anywhere in a four-state area. Additional benefits of living in rural communities compared to a big city include lower crime rates, program...... middle of paper ....... Investing in a home I can living for the rest of my life is not only doable, but it's something I hope to be able to do one day. Invest for the immediate and long term, taking into account my ideals in terms of security, the economy, the environment and financial investment; 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 town or rural town can have a tremendous positive economic impact on the community. This can create jobs for local merchants and those who sell materials and supplies. Tax revenues from property allow the local community to meet its obligations. This is how I would invest in my community. Maybe one day I'll have a bed and breakfast. But first I need to finish my studies, which I hope this essay will help me do..