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re: Rental Property - What/where would you buy?
Posted on 4/4/17 at 8:58 am to rpg37
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.
3
Posted on 4/4/17 at 9:15 am to stevengtiger
quote:
Insurance is not terrible high for the most part.
correct. dwelling policies are not expensive if you shop around. Mine are cheaper than that. maybe 35 per month. That is with lots of provisions also. great coverage for a non owner occupied. Mine are built around same time as yours roughly.
quote:
Property taxes are double our insurance cost and they are not even very high were we are.
some of mine are triple based on city and county. Doesn't matter. All factored in. still cash cows.
Posted on 4/4/17 at 9:25 am to stevengtiger
quote:
stevengtiger
check your email. i dropped you a quick note.
Posted on 4/5/17 at 7:35 am to stevengtiger
quote:
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.
this guy knows what he is talking about.
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