3 Steps to Buying and Holding Real Estate with both income and equity

Real Estate is still the best way to earn income. You see a lot of huge companies begging for your money to buy their real estate formulas. You come to meetings and ask questions about investing your money into their real estate and program. The meeting usually goes on for a couple of hours and you walk out ready to buy their real estate deals. The secret sauce is getting the middleman out of your buying equation. Let's look at the three steps.

Step one: We find properties in good to excellent areas. Location is everything in real estate, you want to be located in areas that can see good appreciation. As I have mentioned in a previous blog we have sold many homes after leasing them for 2-3 years . They have received amazing returns on the net rental income and equity on their investments.

Step two looks at how many rentals are in a location you are looking at. Pretty easy to find how many rentals are in an area with the internet these days. If you see a lot of rentals in an area it usually means homes are hard to lease and sell in that area. Today we have a good estate market so it is easier to see which areas are selling and or still renting. We have literally done 100's and 100's of these properties and been very successful. 

You say how can I calculate future equity? Look at the recent prices and compare them from last year that will help get you a gauge for future growth. I always do a 20% reduction on past growth to see what might happen in the future. I also watch consumer confidence overall which you can look up the trend on the internet. Consumer confidence is high right now and should stay that way for a while.

Step 3 Inventory is another good indicator and we have a very low inventory in the Cleveland Metro area. We are about 50% of the real estate that we need to be a normal market. If there is a low inventory there is pressure on the market to keep prices higher.

Cleveland is a very high demand market because of the process and quality of real estate. Overall you want a home that will earn you a nice monthly income and in an area that can create both income and equity.Cleveland metro has those properties.

Need income real estate that matches these 3 steps? Call me (Bret)t 216-703-5740 Fathom Realty or Whatsapp me 

 

 

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