The key to being successful in positive cash producing properties are long term tenants and a growing equity.
Having these types of properties gets you consistent and sustainable income and profit when you sell. There are a lot of homes being sold to investors that just make money for the seller not the investor!
I have seen many homes that become a consistent cost to the investor after they purchase it for income. A lot of it has to do with the management of the property, and the location of the property.
When we purchase a income property for any client it has to be a location that attracts quality tenants and growing equity.
Here is an example
This property was purchased at $92,000 with rehab and leased at $1300 a month for 11 months. The owner had an issue and need to sale the home. We left the tenants in the home and sold it for $121,000 cash to a buyer. This home sold in under 30 days.
That is the kind of real estate we like our clients to have. Real Estate that can make very good consistent income and also have a nice equity position. 13632 Ruth is a great example of great income and equity in a home.
This is just one example of a home that we have purchased that does two things income and equity.
You need income real estate that creates both income and equity call me I have been doing this since 1985. I'm Brett 216-703-5740 Icon agent for EXP Realty Ohio 2 years in a row.
You can also text "income" to 1-937-529-0745
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Thank you