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Answers (3)
- Kirby Scofield, "kirbyscofield"
- Contributions:4
With any investment, cover your basics, and use Math. The Math Index is a easy tool to figure if you are making the right deal. Rents will always go up, where prices fluctuate. So if you aim for 10% of more on a purchase you are pretty safe.
Example:
38,000 for a 1 bed condo in Las Vegas, w/$100m HOA
$650 rent- $100 HOA = $550x12months= $6600
$6600/38000= 17.4% minus vacancy and repairs/maintence you are always a profit.
Example:
38,000 for a 1 bed condo in Las Vegas, w/$100m HOA
$650 rent- $100 HOA = $550x12months= $6600
$6600/38000= 17.4% minus vacancy and repairs/maintence you are always a profit.
- Rimsha1
- Contributions:3
No, actually I have not been told much details? Please let me know. Email me if possible I would really appreciate that.
- Edwin Baloloy, "Edquity"
- Contributions:183
Hi Rimsha --
I represent (2) investors who buy at the trustee sales in OC and LA county. Has anyone explained the risks and requirements to you? Obviously, they aren't for everyone.
How can I find an agent in Orange County, CA that can help me buy a house on auction or foreclouser?
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