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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.
- Angie Boggeman, "angie boggeman"
- Contributions:469
I too am finding some good deals for rental home investments in the St. Louis area. Foreclosure/Bank Owned, short sales and estates in various areas.
- Derek Zasaretti, "Derek_Zasaretti"
- Contributions:343
Saint Louis has some good deals. SFR and multi families 15000 and under. light to medium repairs. Rental rates start at $500 for singles and $375 for multifamilies,
Where do you get the best return on your dollar for rental home investments in the U.S.
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