Insider Discussion – Thinking of Investing? Here’s What NOT To Buy!
Insider Discussion – Thinking of Investing? Here’s What NOT To Buy!
Thinking of investing? Here’s what NOT to buy!
Condos with high HOA fees, bad rental laws, or homes needing endless repairs will kill your profits. Want a winning list? Let’s Discuss.
I hope this information was helpful! If you are considering buying or selling a home, I would love to talk to you. I am a seasoned agent with over 24 years of experience in the local real estate market. I would love to be able to get you the financial result you desire from your current home to get you in to that Dream Home! Don’t hesitate to call me anytime at 260-579-1516 or you can email me at mike@mikearchbold.com.
Thinking of Investing? Here’s What NOT to Buy!
Not all real estate is created equal—especially when you’re investing for profit. While every property has potential, some are more trouble than they’re worth. If you’re looking to build long-term wealth through real estate, here are the types of properties you should think twice about:
1. Condos with High HOA Fees
On the surface, condos can seem like a hassle-free option. But steep monthly HOA dues can eat away at your cash flow fast—especially if they increase unpredictably or cover amenities you don’t need. Worse, some associations have strict rules that limit your ability to rent the unit or make improvements.
2. Properties in Areas with Bad Rental Laws
Before you buy, check the local landlord-tenant laws. Some cities heavily favor tenants, impose strict eviction moratoriums, or cap rental rates. These policies might protect renters—but they can also severely limit your income potential and control over your investment.
3. Homes Needing Endless Repairs
Buying a fixer-upper is trendy—but unless you have renovation experience (or a rock-solid contractor), avoid homes with structural problems, foundation issues, or major systems on their last leg. Unexpected repair costs can turn your budget upside down and delay rental or resale timelines.
4. Overpriced Properties in Saturated Markets
Paying top dollar in a market that’s already flooded with rentals or listings means you may struggle to find tenants or sell for a profit later. Analyze the neighborhood’s rental vacancy rate, appreciation trends, and future development plans before you commit.
5. Homes with Funky Layouts or Niche Appeal
If it’s a home that only “a certain kind of buyer” would love—think awkward floorplans, converted garages, or dated design—you’re taking a gamble. Focus on properties with broad appeal to maximize your resale and rental potential.
Bottom line? A bad investment can drain your time, money, and peace of mind. Want a winning list of smart investment property types and markets to consider? Shoot me a text at 260-579-1516 and let’s talk.
Why Does RE/MAX Results Stand Out Among the Competition?
Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.
Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business. The relationships we build with our clients enable us to work 100% by referral.
The reason we are able to give top notch service to our clients is because our clients refer us a constant stream of quality family and friends to assist in their real estate needs. While other agents are out making cold calls and chasing “potential” leads, we are freed up by our referral base to service our clients like no other broker can. We are never too busy for your referrals!
Want to experience the difference for yourself? Call or text me today at 260-579-1516.
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Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.
Hoosier Home Listings by RE/MAX Results is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.
Hoosier Home Listings – Insider Discussion – Thinking of Investing? Here’s What NOT To Buy!…
… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.
The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to Re/MAX with more than 20 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.
