Investor-Buyer Services
At Milestone, we specialize in helping investors buy residential properties designed for long-term rentals. With our deep understanding of the real estate market, we guide you in selecting properties that align with your investment goals. Once you’ve secured your property, our team steps in to manage every aspect—from finding reliable residents to handling day-to-day operations and maintenance. By entrusting us with property management, you can enjoy the benefits of passive income without the hassle, ensuring your investment is both profitable and stress-free.
WHY CHOOSE US?
Knowledge of our local market.
Professional in every aspect of working with you.
We go above & beyond for our clients.
Physical office to meet, or come-to-you mentality. We make it easy for you!
Other to costs to consider when purchasing a property:
Property Taxes
Homeowner's Insurance
HOA Fees
Home Repairs
Potential Utility Increases
Home Inspections
Closing Costs
Mortgage Calculator
Our Preferred Lenders
Michelle Castle
(Guild Mortgage)
Since 1996, Michelle has helped thousands of folks live their dream of homeownership & build wealth portfolios with investment property.
Michelle Castle
Branch Manager
NMLS ID# 231122
714 N. Travis St.
Sherman, TX 75090
O: 903-957-3100 | M: 903-815-3277
mcastle@guildmortgage.net
Stephanie Johnston
(Service First Mortgage)
Social Survey placed Stephanie and The Johnson Team in the Top 100 of Loan Officers nationwide for their outstanding customer service.
Stephanie Johnston
Senior Loan Officer
NMLS ID# 621637
8600 Weiskopf Avenue, Suite 200
McKinney, TX 75070
M: 214-576-2934
johnstonteam@servicefirstmtg.com
Chase Harmon
(Harmon Home Lending)
Chase is part of a top-producing team with a proven process catering to all types of buyers, from first-timers to seasoned investors.
Chase Harmon
Loan Originator
NMLS ID# 2266074
2626 Cole Ave #300
Dallas, TX 75204
M: 949-922-3879
chase@harmonhomelending.com
Frequently Asked Questions
What should I look for in a good investment property?
Look for properties in desirable locations with strong rental demand, good growth potential, and favorable market conditions. Consider factors like neighborhood quality, proximity to amenities, and property condition. It’s also important to assess rental yield and long-term appreciation potential.
What is the typical process for purchasing an investment property?
The process usually involves securing financing, identifying potential properties, conducting due diligence (such as inspections and market analysis), making an offer, and closing the deal. Working with a realtor and property manager can streamline the process and ensure you make informed decisions.
How can I finance my investment property?
What are "closing costs"?
Also called, “settlement fees”. These are fees charged by people representing your purchase, including your lender, title company, and other third parties involved in the transaction.
They are typically between 2-5% of your purchase price.
These include:
- Recording costs
- Appraisal fees
- Credit report fees
- Loan origination fees
- Title services
- Tax service fees
- Survey fees
- Attorney fees
- Underwriting fees
What are the ongoing costs of owning an investment property?
Ongoing costs include mortgage payments, property taxes, insurance, maintenance and repairs, property management fees, and utilities (if not paid by residents). It’s essential to budget for these expenses to ensure a positive cash flow.
What kind of return can I expect from an investment property?
Returns can vary depending on the property and market. Generally, you can expect returns from rental income (cash flow) and property appreciation. A property management company can help maximize rental income by keeping the property occupied and well-maintained.
What are the tax implications of owning an investment property?
Rental income is taxable, but you can also deduct many expenses, such as mortgage interest, property management fees, repairs, and depreciation. Consult a tax advisor to understand how investment property ownership will impact your taxes and take advantage of deductions.
How do I determine rental rates for my property?
Rental rates are determined by several factors, including the location, size, condition of the property, and comparable rental rates in the area. A property management company can help you assess the market and set a competitive rate to attract quality residents.
What does a property management company do for investors?
A property management company handles the day-to-day operations of rental properties, including marketing, resident screening, rent collection, maintenance, and legal compliance. This allows investors to focus on growing their portfolio while ensuring their properties are professionally managed.
How do I find quality residents for my property?
Property managers typically conduct thorough resident screening, including background checks, credit checks, and rental history verification, to find reliable residents. Proper screening helps reduce turnover, late payments, and property damage.
What are the risks involved in real estate investing?
Risks include market fluctuations, vacancy periods, unexpected maintenance costs, and resident-related issues. However, these risks can be mitigated by thorough research, good property management, and investing in high-demand areas.