When you’re ready to add more Oakland rental properties to your investment portfolio, Prime Property Group is a great place for you to start. We know the market and we work with eager investors like you all the time.
Smart investors know that they have to be thinking about long term and short term goals. If you don’t have established goals and a clear strategy for achieving those goals, you’re not going to know how to look for the right opportunities and where you should buy your next rental home.
The only way to create real wealth with your real estate portfolio is by adding more properties to it. We don’t care if you have one property or 100, we’re here to help you consistently add new assets.
We also want to help you do it right.
Real Estate Investing: Grow Your Portfolio with Acquisitions
Investors want to know when they should buy, and you should actually be prepared to buy any time you find the right opportunity. The market’s strength will play into how you structure and negotiate your deal, but it’s always a good time to invest in Oakland real estate.
We recommend you buy whenever you have the opportunity and when you find a property that meets all of your investment criteria. When you or one of your partners finds a property that meets your criteria and complements your existing portfolio, but it. Leverage your buying power to acquire as many properties as you can.
The Oakland market is an ideal place to grow your portfolio. Our prices are lower than a lot of other markets in this part of California, but our rents are climbing and so are our property values. It’s the perfect time to acquire new investments.
Thinking Like an Investor
You have to buy the right properties, and they need to complement what you already own.
One mistake that a lot of investors typically make when they’re growing their portfolio is to buy anything that pops into their radar. Resist this impulse. Instead, take your time and find an investment that will bring in some great short term cash and long term returns. You want a home that tenants will be interested in renting.
Look at every potential acquisition from the standpoint of a potential renter. Make sure you’ll be able to charge the amount of rent you need to ensure the investment makes sense. Consider your expenses; will a lot of work be needed?
Grow with a 1031 Exchange
A great way to leverage the investment properties you already have is with a 1031 exchange. Under this program, you can sell one property and then defer the capital gains taxes on it by investing the proceeds into another property (or several properties) that are similar. The word similar in this case only means that it has to be another income producing property.
This is a great way to unload an investment that may not be performing the way you want it to. Or, you can increase the size and strength of your portfolio by selling one single-family home, for example, and buying a couple of duplexes. There are a lot of options.
Look for Long Term Oakland Investment Properties
The best strategy for growing your investment portfolio is to maximize what you earn on the Oakland rental properties you currently own. We recommend you settle in for the long term and hold onto your assets until they no longer serve your investment goals. Buy some great, high-quality properties with excellent earning potential and hold onto them. You’ll earn more cash flow and you’ll increase the returns you earn in the long term.
Our team is pretty passionate about real estate and Oakland property management, so if you’d like to talk about your personal real estate portfolio and how we can help, please contact us at Prime Property Group.