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Investing in residential property? If you are not a pro, then get some professional assistance. 

With the stock market spiraling downwards, many of us with entrepreneurial spirit are considering investing in real estate for a quick flip or a long term rental.  This can be very profitable.  However, like any investment where dollars are at risk, a few wrong moves can result in significant losses.  

The chances for real estate investment success are increased if you buy right, renovate at wholesale costs, and properly assess the future value of the property after improvements.  If you are not an expert in any one of these areas, it's easy to protect yourself.  Hire Linsin & Associates to ensure the property is being purchased at or below market value, that the estimated renovation costs are realistic, and that the value "as complete" will provide the profit margin that you are anticipating. 

If you are considering purchasing a rehabilitated property, you should obtain a professional appraisal, from an appraiser with your interests in mind.  Too often homes are "flipped" for considerably more than they were recently paid for without any substantial improvements to justify the higher price.  You'd be the one left holding the bag — shouldn't you have someone on your side making sure your money is being invested wisely?

Often, people and companies that sell rehabilitated real estate buy a dilapidated property, put a lot of money and sweat equity into it to make it attractive to a buyer, and then reap the reward when the property is sold for a lot more than the original buyer paid for it. There's nothing wrong with this; on the contrary, it makes more housing available at a time when it's in demand. And as noted, it's often a good investment choice for the eventual buyer.

It's smart to always have an inspection done before closing on a property. It's equally important though to obtain an opinion of value from an appraiser. An inspector will tell you if everything that is present in the structure is functioning properly, what repairs may need to still be done, and whether there are any safety or soundness issues with the property. An appraiser can translate that into dollars. As rehabilitated, is the property worth what it's selling for? If something unexpected happened and you needed to sell right away, would you be able to recoup your investment?

The investment in real estate can be very profitable with a sound plan.  The investment in professional valuation services can pay for itself several times over.