Elgin, St. Charles and East Dundee West Dundee real estate and homes for sale in Illinois - Tom Krebsbach
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Real Estate Tips

Investment Real Estate >Investment Real Estate

While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?

Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.

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Real Estate Trivia

Q 
What Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?

A 
The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street.
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Tom Krebsbach, REALTORŪ, real estate agent and broker for Elgin, St. Charles and East Dundee West Dundee, Illinois home listings, property and land for sale

Tom Krebsbach
Vintage Home Realty

162 South State Street
Elgin, IL 60123
847-622-8665
Fax: 847-622-0077
tomkrebsbach@BestImageAgent.com

My goal is to provide superior service to my clients, while demonstrating the highest level of personal integrity, creating financial security, giving back to my community and maintaining a balanced life.

ABR CRS ePro Equal Housing MLS REALTOR


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