Some simply purchase a property as a home. Others, however, purchase real estate to rent out the property or to build up an investment portfolio. If you fall into the latter category for purchasing Connecticut real estate, the Connecticut Real Estate Investors Association (CT REIA) is holding workshops in January and February for those considering purchasing a property for this purpose.

According to a press release, the workshop will focus on the basics of investing in real estate, such as wholesaling, rehabilitating the property, selling quickly, or holding on to it to make an income or profit. As the press release explains, those attending this workshop should expect to learn about:
• Working with REALTORS® in buying and selling
• Finding a good investment property
• Inspection
• Evaluating a deal and making an offer
• Wholesale properties
• Dealing with retailing
• Being a landlord; and
• Creating income and wealth

Although real estate has a greater tendency to be a sound investment, purchasing a property for this purchase has advantages and disadvantages. Investment generally includes purchasing a building and renting it, improving or upgrading and selling, or wholesale properties. Many turn to real estate for this purpose, as it is easier to finance than most other investments. Only a portion of the down payment is needed.

Real estate is a non-liquid investment, however, and if you own a property, you need to maintain it and pay taxes regularly.

While the real estate market has been in flux, it appears to have reached a plateau, and in some areas, renting, as opposed to owning, has become more desirable. Purchasing a property in Connecticut allows you to capitalize on this and gain income through renting out apartments or a building. The CT REIA workshop will be held in Meriden on January 20, February 2, and February 9 from 6 to 9 p.m. To attend, visit their website and register.

Tags: connecticut real estate, ct real estate, CT REIA, real estate investment, real estate portfolio