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re: Rental Property - What/where would you buy?
Posted on 4/4/17 at 7:19 am to LSUTOM07
Posted on 4/4/17 at 7:19 am to LSUTOM07
Find a location in an area where residency will be there longterm. Foreclosures are always nice to get good deals. I suggest newer homes or else insurance will just eat you up. I like the college town idea where renting is most common.
2
Posted on 4/4/17 at 8:44 am to rpg37
quote:
I suggest newer homes or else insurance will just eat you up.
that just isn't true. We are not talking homeowner's here.
Posted on 4/4/17 at 8:58 am to rpg37
quote:
Foreclosures are always nice to get good deals
This is definitely true but if you are in good RE area, they can go fast once open to investors. Get a good agent to help you find and make quick offers.
quote:
I suggest newer homes or else insurance will just eat you up.
My most recently built property was built in 1975 and the insurance average per property for us is only $55/per property per month. Insurance is not terrible high for the most part. Property taxes are double our insurance cost and they are not even very high were we are.
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