Property Q&A in 94122>Question Details

Gwc, Home Buyer in 94122

what does property type income/investment mean?

Asked by Gwc, 94122 Fri Feb 26, 2010

When a seller posts their property type: investment/income, what does that mean?

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Answers

4
Generally speaking it means that the property generates income for you that you realize monthly (or as per the terms of the lease) as opposed to buying a property as an investment because you expect it to increase in value over time - at which point you sell it expecting to make a profit. Generally an investment property is not one that you live in... or in the case of a multi-unit building... you may live in one of the units while the rents collected from the remaining units are income (and if you're smart about your acquisition price and carrying costs... you may be able to have your rents cover your carrying costs, that is, this income/investment property "pencils out" for you).

Before you consider buying an income/investment property in SF you should examine the local rent law and eviction laws because that will dictate your opportunities and define your constraints. I have a working familiarity with these laws and know where/how to find answers. I'd be happy to look over any property with you as your real estate agent.

Callista Shepherd,
Team leader of 2009 top-producing Team Shepherd Oliver
1 vote Thank Flag Link Sat Feb 27, 2010
Gwd,

Type the words - income property definition – into your search engine. You will get lots of information back that will answer your question in much more detail that we could possible furnish here. The internet is truly amazing!
0 votes Thank Flag Link Fri Feb 26, 2010
Usually this property type is an existing income generating property. Most of the time there are more than 1 dwelling but could be a home that is rented like a vacation rental.
0 votes Thank Flag Link Fri Feb 26, 2010
Gwc,

It generally means that the property is or can generate income from it, ie, multi unit building.

If i can assist you in any way please give me a call.

Thank you.

Michael W Robertson
McGuire Real Estate
415-296-2197
mrobertson@mcguire.com
0 votes Thank Flag Link Fri Feb 26, 2010
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