Buying income real estate requires a knowledge of what is good and bad in tenants and property. I base my decisions on the amount of rent and is the area trending upwards in price?
This property will lease for $1300 a month and the area is trending up on pricing. This video shows you how the tenant after 12 months of living in the home.
Let's look at the projected numbers on this home for income
Rent $1300
Tax $ 165
Insurance $ 50
P/M $ 125
Projected Net $ 960
These properties are all in $130,000-$150,000 Purchase and Rehab They have equity and great income.
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