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re: Rental Property Investment
Posted on 6/17/15 at 1:07 pm to Tiger n Miami AU83
Posted on 6/17/15 at 1:07 pm to Tiger n Miami AU83
The 2% rule is good in alabama but really a buyer should develop a detailed proforma to see what his numbers are.
My latest rental I bought for 15k and I am putting 15k in repairs in it.
I'll get $700 per month minimum.
My latest rental I bought for 15k and I am putting 15k in repairs in it.
I'll get $700 per month minimum.
3
Posted on 6/17/15 at 1:35 pm to I Love Bama
Keep in mind folks...a lot of my renters have poor credit and can not get approved for a mortgage so they rent.
Posted on 6/17/15 at 1:58 pm to I Love Bama
quote:I didn't even know they made houses/apartments that cheap anymore!
My latest rental I bought for 15k
quote:Anyone making 2% must be absolutely rolling in the dough. I don't know anything about real estate, but doesn't that equate to a 24% annual return on investment? Holy shite.
The 2% rule is good in alabama
Posted on 6/17/15 at 4:21 pm to I Love Bama
quote:
My latest rental I bought for 15k and I am putting 15k in repairs in it.
I'll get $700 per month minimum.
That's nice but it's an anomaly. I can't imagine a 200k house renting for 3-4k a month.
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