- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Replies (8)
- daclarkga
- Contributions:8
I think the old saying.. gotta crawl before you can walk is appropriate. Id start small and grow.. thats my plan.
- Shawn Rogers, "Mister Rogers Homes"
- Contributions:912
Zanna-
The truth or fact of the matter is, you need to determine what it is
you want to put in (time/money) and what you expect to get out
of any investment. I have been in and around real estate for many
years, in Buffalo and now Arizona. If you ever want to talk the talk,
I'd be more than happy to help you. I've pretty much done it all and
am still in the business. I hope that helps. Have a BEAUTIFUL day.
-Shawn
The truth or fact of the matter is, you need to determine what it is
you want to put in (time/money) and what you expect to get out
of any investment. I have been in and around real estate for many
years, in Buffalo and now Arizona. If you ever want to talk the talk,
I'd be more than happy to help you. I've pretty much done it all and
am still in the business. I hope that helps. Have a BEAUTIFUL day.
-Shawn
- Real Estate Investments, "Marco Santarelli"
- Contributions:264
If you don't have a lot of experience in buying and managing investment property then it's a good idea to start with "smaller" sized properties. Cut your teeth and build up to bigger deals.
We offer 1 to 4 unit turnkey investment properties all across the USA. This might be a good place to start your research and build up your real estate portfolio.
P.S. We currently offer three (3) opportunities with positive cash flow for as little as $4,000 down! (Visit our site for details.)
We offer 1 to 4 unit turnkey investment properties all across the USA. This might be a good place to start your research and build up your real estate portfolio.
P.S. We currently offer three (3) opportunities with positive cash flow for as little as $4,000 down! (Visit our site for details.)
- Gary Chen, ABR, SFR, CNE, "GaryChen"
- Contributions:45
Zanna,
Have you done this before? If not, start from small is always your best bet.
I helped my clients to acquire one, got it ready for rent, rented it then managed it. It took about 3 months for one entire cycle, my clients learned how to do all these. After that, about 40% of my clients started to duplicate the pattern with my assistance. They stop when they have some good porfolio. The other 40% of my clients simply found out they could not duplicate it even with my help or it is not they investment style. The rest 20% asked me to managing the whole things for them. Well, it's really about each individual's investment style and strategy.
Have you done this before? If not, start from small is always your best bet.
I helped my clients to acquire one, got it ready for rent, rented it then managed it. It took about 3 months for one entire cycle, my clients learned how to do all these. After that, about 40% of my clients started to duplicate the pattern with my assistance. They stop when they have some good porfolio. The other 40% of my clients simply found out they could not duplicate it even with my help or it is not they investment style. The rest 20% asked me to managing the whole things for them. Well, it's really about each individual's investment style and strategy.
- aaron20002000
- Contributions:116
What should someone assume the cost of a property manager is for a rental condo for long term rentals? What % of rent? Thanks.
- Linda Strasberg, "L Strasberg"
- Contributions:2315
After you know what price range you can qualify for and you know your cost to purchase your income producing property you can focus on what type of property to purchase, the community and neighborhood location to search for...You should also take into consideration whether you will purchase your property for cash flow and current income or if you want future capital gain.
I will be focusing on two types of income properties: i.e. One is the single family home and the other property type will be the three or four family units. Each type of property has its strengths and weaknesses.
Let's review the single family home options as a rental unit. First focus on the properties location within the community. You want a neighborhood where the majority of homes are owner occupied. Look for at least 3 to 4 bedrooms with at least 2 bath house.When it comes time for you to sell your property the resale value of the 3 to 4 bedrooms will have a higher value than the neighboring two bedroom homes.
For more info...
I will be focusing on two types of income properties: i.e. One is the single family home and the other property type will be the three or four family units. Each type of property has its strengths and weaknesses.
Let's review the single family home options as a rental unit. First focus on the properties location within the community. You want a neighborhood where the majority of homes are owner occupied. Look for at least 3 to 4 bedrooms with at least 2 bath house.When it comes time for you to sell your property the resale value of the 3 to 4 bedrooms will have a higher value than the neighboring two bedroom homes.
For more info...
- Gary Chen, ABR, SFR, CNE, "GaryChen"
- Contributions:45
Just a quick answer to Aaron's comment...
Roughly 10% for rent below $1,000 and 8% for the condo unit with rent over $1,000. This is what i charged for managing investment property here in the metro Phoenix. Other market may vary.
Roughly 10% for rent below $1,000 and 8% for the condo unit with rent over $1,000. This is what i charged for managing investment property here in the metro Phoenix. Other market may vary.
- Linda Strasberg, "L Strasberg"
- Contributions:2315
I have several years of commercial and residential property management experience as well as some construction management experience...If you need to gain experience in this field...start with small steps before leaping.
Property Income Investment
-
- 0.0/5.0
- (no reviews)
Contributions:66Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.