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re: Real Estate Investing......... New update pg 7
Posted on 2/19/15 at 9:44 am to I Love Bama
Posted on 2/19/15 at 9:44 am to I Love Bama
Ilovebama and others, what would be considered a good rate of return on real estate investment?
I have something I am looking at for 80K, a few blocks from LSU (bad side though). 1 bedroom house in good condition, grad student just signed a year lease for $800 a month.
I have been informed about it before it hits the market and would need to act now, but I don't feel like I have had enough time to research real estate to decide if this is a good investment. Any info would help.
I have something I am looking at for 80K, a few blocks from LSU (bad side though). 1 bedroom house in good condition, grad student just signed a year lease for $800 a month.
I have been informed about it before it hits the market and would need to act now, but I don't feel like I have had enough time to research real estate to decide if this is a good investment. Any info would help.
Posted on 2/19/15 at 9:58 am to jsquardjj
quote:
Ilovebama and others, what would be considered a good rate of return on real estate investment?
I'm getting between 20% and 30% return annually based on my annual PCF(after subtracting PITI, management expenses if any and you can factor in vacancies and especially maintenance) versus what i put down on the property(not counting closing costs as that is not equity) when i purchased it. Of course those percentages will go down if you do a cash buy. While you will have more PCF you had to put a lot more into the property upfront. nothing wrong with that. I don't want too many leveraged properties so hopefully before long i will be doing cash buys.
Posted on 2/19/15 at 10:01 am to jsquardjj
quote:
I have something I am looking at for 80K, a few blocks from LSU (bad side though). 1 bedroom house in good condition, grad student just signed a year lease for $800 a month.
I have been informed about it
I wouldn't take less than 350 a month PCF. better run your numbers.
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