Rental Property

What You Need To Know Before Buying Rental Property

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After two years of living in my first condo, I decided to rent it out and buy a house. I always wanted to live in my own house and finally found one by chance while helping a friend find a condo one Sunday afternoon. The house needed some new windows and only had one and a half bathrooms, but I didn’t care. Over the next two years I fixed it up and added a couple full bathrooms to make it more livable.

In hindsight, I think I overpaid for the house because it had been sitting there for a couple months. But to me, it was brand new because it was the first time I ever saw it. This type of thinking is like a child who believes nobody can see her if she closes her eyes. Instead of only bidding 2% under asking, I should have bid 4-5% under asking because I probably would have won. I was blinded by my desire to own a single family home and wasted a lot of money as a result.

I’ve been a landlord for 11 years now, and I’d like to share some thoughts on owning rental property. It’s not for everyone, but if you can get rental property right, you’ll be able to develop a terrific passive income stream that will bolster your financial well-being. If you haven’t been through the property buying process yet, you’re in for a very emotional ride. I’d like to help you anchor your emotions so you don’t end up overpaying and regretting your decision later on.

Related: Why Real Estate Should Be A Part Of Your Retirement Strategy

RENTAL PROPERTY: THE BIG PICTURE

When owning real estate, it’s important to focus on the big picture. I personally don’t buy property to rent out immediately. Instead, I buy property to enjoy for at least a couple years and then rent out after I’ve accumulated enough funds or want to live somewhere new. The idea is that if I’m willing to live in the future rental property I’m buying, so will others.

* It’s all about income. As a real estate investor you must ascertain what is the realistic income the target property can generate on a sustainable basis every year. Once you have an income range then you can calculate a property’s gross rental yield and price to earnings to compare it with other properties on your acquisitions list.

* Price appreciation is secondary. One of the big reasons why there was a housing collapse was because investors moved away from the income component of property and just focused on potential appreciation. Investors didn’t care they were hugely cashflow negative if they could ride the wave and flip within a year or two. Once the party stopped, speculators got crushed, which caused a domino affect that hurt neighbors who planned to buy and hold. If you are primarily focused on property appreciation and not income, you are a speculator.

* Property prices historically rise closely with inflation. Property price appreciation generally tracks inflation by +/- 2%. In other words, if the latest inflation figure is 3%, you can expect a 1-5% increase in national property prices. Over the years property price changes can fluctuate wildly. But if you look at property prices over a 10 year period you’ll see a relatively smooth correlation. 10%+ annual increases are unsustainable because eventually property prices will become unaffordable as wage growth fails to keep up.

* Property is always local. Be careful not to extrapolate property statistics. Just because one report says national prices are up 10% doesn’t mean you can sell your San Francisco home for 10% higher than a year ago. Property price statistics tell you the general direction of prices and the relative areas of strength. The most realistic value for your property is if your neighbor sells and has a very similar layout.

SPECIFIC STEPS TO VALUE YOUR PROPERTY CORRECTLY

Here are some specific steps I like to go through before purchasing any property.

1) Calculate your annual gross rental yield. Take the realistic monthly market rent based on comparables you find online and multiply by 12 to get your annual rent. Now take the gross annual rent and divide by the market price of the property. For example: $2,000/month = $24,000/year. $24,000/$500,000 = 4.8% gross rental yield. The annual gross rental yield is used to get a quick apples to apples snapshot of what the blue sky potential is for a property if one were to pay 100% cash and have no ongoing expenses.

2) Compare your gross rental yield to the risk free rate. The risk free rate is the 10-year bond yield. Investors say “risk free” because there is practically no chance the US government will default on their debt obligations. All investments need a risk premium over the risk free rate, otherwise, why bother risking your money investing. If the annual gross rental yield of the property is less than the risk free rate, either bargain harder or move on.

3) Calculate your annual net rental yield (cap rate). The net rental yield is basically your net operating income divided by the market value of the property. The way I like to calculate net operating income is by taking your annual gross rent minus mortgage interest, insurance, property taxes, HOA dues, marketing, and maintenance costs. In other words, we are calculating the actual bottom line annual profit. We can add back depreciation, which is a non cash expense, but I’m focused on cash flow. For example: $24,000/year in rent – $3,000/year HOA dues – $4,800/year property taxes – $500/year insurance – $1,000/year maintenance – $10,000 in mortgage interest after tax adjustments = $4,700 NOP. $4,700/$500,000 = 1% net rental yield. Not so good, but at least cash flow positive from the get go. Net rental yield can differ by each investor given some put more money down, while others are better at streamlining operating costs and charging top dollar for rent.

4) Compare the net rental yield to the risk free rate. Ideally, the net rental yield should be equivalent or higher than the risk free rate. You will pay the principal down over time thereby increasing the net rental yield and spread over the risk free rate. If all goes well, rents will also go up and your property will appreciate. There are plenty of properties in Nevada, Florida, California, and Arizona with net rental yields several percentage points higher than the current risk free rate after the collapse. The reason why more people weren’t snatching them up in 2010-2012 was because buyers often had to pay cash because banks weren’t lending.

5) Calculate the price to earnings ratio of your property. The P/E ratio is simply the market value of your property divided by the current net operating profit. In the example above $500,000 / $4,700 = 106. Woah! It will take an owner 106 years of net operating profits to make back his or her investment. This obviously assumes the owner never pays down his mortgage and does not see an increase in rents which is highly unlikely. A nicer way to calculate things is to take the market value of the property divided by the gross rental income = $500,000 / $24,000 = 20.8 for a blue sky scenario. Obviously, the lower the P/E for the buyer the better, and vice versa for the seller.

6) Forecast property price and rental expectations. The P/E ratio and the rental yields are only snapshots in time. Great opportunity comes in properly forecasting expectations. As a real estate investor you want to take advantage of fear and unfortunate situations such as a divorce, company relocation, layoff, bankrupt city, or natural disaster that creates motivated sellers. As a real estate seller you want to sell the dream of forever rising prices. The best way to forecast the future is to compare what has happened in the past via online charts provided by DataQuick, Trulia, and Zillow, and have realistic expectations about local employment growth. Are employers moving into the city or leaving? Is the city permitting tons more land to develop or do they have restrictions such as building heights? Is the city in financial trouble and looking to raise property taxes?

7) Run various scenarios. If rents decrease for five years at a pace of 5% a year, will you be OK? If mortgage rates for 30-year fixed loans increase from 3.5% to 5% in five years, what will that do to demand? If the principal value declines another 20%, are you going to jump off a bridge? Hopefully not if you live in one of the non-recourse states where you can hand back the keys and protect your other assets. Always run a bearish case, realistic case, and bullish case scenario as your bare minimum.

8) Be mindful of taxes and depreciation. Almost all expenses related to owning a rental property are tax deductible including mortgage interest and property taxes. The confusion lies in the phaseouts of deductions based on your income. What is also interesting to understand is depreciation, a non cash item that reduces your Net Operating Income. $250,000 of profits for individuals and $500,000 of profits for married couples is tax free if you live in the property for two out of the last five years. There is also the 1031 exchange which allows investors to rollover proceeds to another property without realizing any gains and therefore taxes.The tax code is confusing but at the margin favors property owners.

9) Always check comparable sales. The easiest way to check comparable sales over the past six to twelve months is to punch in the property address in Zillow.com. There you will see the tax records, sales history, and comparables on the lower bottom right side. You need to compare your target property’s asking price with previous sales and measure it against what has changed since to make sure you are getting a good deal.

10) Check the financial health of your HOA. If you are going to buy a condo, it’s imperative to ask for the HOA’s financial statements. Take particular note of its reserves and read the meeting notes taken by the HOA secretary. You don’t want to be stuck buying a condo with HOA litigation either. Things can get messy, quickly.

Rent vs. Mortgage Over Time

After three mortgage refinances

BEING A LANDLORD ISN’T THAT BAD

Besides following the above steps in figuring out the right value for your potential property, you must screen your perspective tenants like the CIA. Do the aggressive due diligence early so you save yourself the headache later on. An attractive face and a nice resume is not good enough. You must ask for references, the past two pay stubs, a recent credit report, a credit score and a bank account that shows enough savings to cover rent for the duration of the lease if there’s a sudden job loss. They don’t have to give you everything you ask, just like you don’t have to rent them your property.

Over time your rent should grow and the interest portion of your mortgage payment should decrease. If you can hold onto your property for the long term, chances are high that you’ll have another fantastic asset as part of your overall net worth.

You Can Now Track Your Property via Zillow on Personal Capital

Photo Credit: Bass06, Flickr Creative Commons, HK

Regards,

Sam

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Financial Samurai

Sam is the former Managing Editor of the Daily Capital blog. He worked in finance from 1999-2012 before deciding to focus full-time on his online endeavors - FinancialSamurai.com and the Yakezie Network. Sam is an avid tennis fan who loves to travel. He received his BA from William & Mary and his MBA from UC Berkeley.

66 comments

  1. Nila Ridings

    It scares the breath out of me to hear anyone suggest a condo or any HOA property as an investment. It may have been successful for you so far but many of the condo complexes are grossly underfunded in their reserve accounts. Not to mention they have deferred maintenance that only gets more expensive as time passes because of inflation and the damages become more severe. What happens of an investor gets hit with a $10,000 HOA or COA assessment that has to be paid in 30 days? Where is the return on investment sitting at that point? What if the HOA gets into a big legal battle because board members decide to bully one of the owners? It happens all over the country. I know of one in Wichita, Kansas where a board member beat a condo owner with a crowbar. The legal bills for the HOA are already over $250,000 and climbing. The HOA did not turn that into their insurance so the total will be paid in in the form of an assessment to the 165 condo owners. And the value of the condos are dropping like rocks. That is just one of thousands of cases out there.

    I would never tell anyone to buy a property in an HOA or COA. Why? When the ink is dry you have signed away your US Constitutional Rights and become business partners in a non-profit corporation with all of your neighbors. As a corporate partner you are guaranteeing to cover all debts, liabilities, loans, lawsuits, settlements, construction defects, and disaster rebuilds with your bank account. That’s right you’re going to be paying for all of the expenses that are not covered by the dues.

    I have a townhouse in an HOA. It’s located in one of the most highly touted perfect cities to live in across the United States. Because of the problems in this HOA for me to sell I will lose $200,000. Should I rent it? No way. Even with rental income I am still liable for all the debts of the HOAs that has ignorant board members that think one lawsuit after another is the right way to run a business. The HOA has taken out a million dollar loan. The HOA has $10M unaccounted for because annual audits that should have been done per the by-laws were not done for seven years and the board president of twenty-six years suddenly died in the middle of the investigation. All other board members claimed no knowledge of anything. The list goes on and on but you could not give me a property in an HOA or COA if it was paid in full and given as a gift. I would return the keys.

    Over 60,000,000 Americans now live in these nightmare HOAs. And anyone that feels they are exempt from having a bad experience like me and thousands of others is fooling themselves. Every HOA is only one vote away from putting rogue board member in the position of power and the entire place goes down. My HOA has lost 45% of the property values in nine years. Some would say it’s the right time to buy in here until they look at all the pending lawsuits, the loan, and the history of problems.

    In a perfect world I could agree with you. In the world of HOAs every thing is insanely risky. If you read Tyler Berding’s, The Uncertain Future of Community Associations and Ward Lucas’ book, Neighbors At War and http://www.neighborsatwar.com and listen to the HOA experts on Shu Bartholomew’s radio show (podcasts available 24/7) http://www.onthecommons.net the information is priceless.

    Investment property in an HOA or COA is just as risky as rolling the dice in Las Vegas.

    Reply
    • Financial Samurai

      60 million is a lot of nightmares! You sure that many people are suffering given that’s almost 20% the population of the US?

      The HOA is definitely not an ideal system. Who wouldn’t rather just be the king of their own castle. Unfortunately, many people in larger cities can’t afford more than condos.

      But even folks like Al Gore buy condos. He bought one at the St. Regis SF. Marisa Mayer bought one at The Four Seasons residences. There is harmony out there. Keep the faith!

      Reply
    • George Lambert

      I’ve owned condo units and townhouses as rentals. I don’t think I would again, though. Yes, you have someone to mow the grass and take care of the exterior. But you have to put up with a board that might have restrictions on rentals or hit you with special assessments that can run thousands of dollars. Some want to interview tenants, which can lead to delays. And you have to put up with other owners.

      For instance, I had townhouse in a large complex that was one of four in a single building—a quadplex. Water started coming in the upstairs bedroom. I went on the roof with my roofer. He couldn’t find any specific place in the roof where water could be coming in. The problem, he explained, was it could have been coming in from one of the other three unit’s roofs, running under the roofing material, and leaking into my unit.

      The building was about 20 years old with the original roof. He said it would be a waste of money to replace just my section when the whole thing needed replacing at a cost of around $20,000.

      I went to the board. And they agreed that the building was due for a new roof. But they had to get the other three owners to cough up $5,000 each for their part. Two said ok. But one, who only used it during the winter, said no way. No water was coming into his unit so he wasn’t going to spend money because I had a problem.

      I put up the extra money just to prevent further damage to my rental and losing a good tenant. The board took the guy to court. Eventually I got my money back.

      George Lambert
      Author, What You Must Know BEFORE Becoming a Greedy Landlord. How to build a portfolio of investment properties for an income that lasts a lifetime.

      Reply
  2. russell

    Hi, great article. I am thinking of buying a new primary residence and then renting out my current one. I bought my current one back in 2009 for $550k and it’s now worth $700k. According to your article, if I were to rent out my current residence after I buy a new one, would I use $550k as my “market price” or $700k?

    Reply
    • Financial Samurai

      Carl is an interesting case b/c he was able to default on his mortgage, get bailed out, and write a book to profit from his story. I think he’s a practicing financial advisor too. Ain’t America great?

      Reply
  3. Monthly payments

    This article was well written. I completely agree with the cash flow. If you aren’t cash flowing positive and making more on your money than the risk free rate, then don’t waste your time with such an illiquid investment. One thing the article should correct is the graph at the end. Your principal and interest payments do not decrease throughout the life of the loan – they stay the same.

    Reply
    • Financial Samurai

      Thanks for reading and pointing out my chart. I will clarify that the steps down are when I refinanced.

      Reply
      • Keaton

        What it looks like is that you refinanced for another 25 years on each step unless you are pouring more money into the rental than simply paying the mortgage down. The rental also does not cover the mortgage let alone the other expenses (HOA, maintenance, Ptax, etc.) that you note.

        You shouldn’t buy rental property that you cannot support the mortgage on with your own personal income even with 100% vacancy. It does not matter that you continued to refinance as refinancing suggests that your investment (really the bank’s investment) is continually increasing in value or the equity is growing more than the decrease in value. It looks like the equity in the home (not accounting for appreciation) only increases about $800 x 12 per year = $9,600 as the large majority of your payments are going towards interest. This is 1.9% of the total property value which is around inflation. Adding inflation to the mix with appreciation, your equity increases 4-6% per year depending on the market which allows for the constant refinancing.

        What is missing from this whole plan is “what happens in a downturn?”. Even a slight downturn 5-10% which can happen over night, removes your ability to refinance and “cash flow” your rental property and throws this whole 30-50 year plan to the wind (based on how often it looks like you refinance you could be in it for longer).

        Please buy rental property in cash (start small) or ensure the mortgage you have to pay is affordable with 100% vacancy. You never know what kind of repairs you have to do, what the economy will do, and what the banks will say. An $80,000 condo or small home on a 15 year fixed is $632 per month. If you cannot afford that payment for your rental real estate if you have no tenants, then you should not be getting into rental real estate to begin with.

        Remember, with a mortgage, you are the bank’s investment and they know within a percentage point what you (in general) will end up doing with the mortgage payments. Get out of it as soon as you can, pay it off, and be prepared to not have anyone live in it because over a 10-20 year span, anything and everything happens.

        When you make this decision, you get into it for the long haul so don’t expect you’ll always have renters and low expenses because thats not possible.

        If you dig into the costs, and are prepared to pay the mortgage without a renter, you’ll do just fine. You’ll learn all the other headaches as you go through. Even after 5 years of managing 1000+ rental units in a company who manages tens of thousands, and having over 150 years of rental management experience via text message, there is ALWAYS something new that comes up that costs you money.

        Get in there and good luck!

        Reply
  4. Susan Davis

    There’s some really good points here – And making real estate part of your retirement portfolio is, I think, always a great idea.
    A couple things though – After the financial world cratered in 2008 / 2009, Things have gotten really really stringent with lenders. As part of this, they now have stricter requirements on the current home that you’re planning to lease. If you want a mortgage on the new place, Most lenders will want to see that you have 20% equity or more in the old place.
    (The equity I requirement is 30% if it was not rented the previous year & Showing on their tax returns)
    They’ll then count off about 25 % of the monthly payment amount on that property – Called a vacancy factor.
    The lender will use a vacancy factor of 25% which means that if they owe $2000 per month, and they get $2000 per month, then they will only get credit for $1500 of the rental payment, And that dollar amount will go against your qualifying amount.
    So in this scenario, $500 would count against, them (like an extra car payment would).
    So keep all that in mind.
    Also, as a real estate professional, I do some marketing / advertising on Zillow – but I find “zestimates” to be somewhat to extremely inaccurate. We who are members of our local boards’ MLS systems are the real keepers of the sold data. Plus it sometimes takes some experience to understand things like, if you have a major road behind you it can cost you about 10% in value; You ought to check flood zones, etc. before you get too far into a deal and have a lot of money into inspections, etc. So, like the saying goes, ‘rely on a realtor’. We also know a really good lenders in any local market – And that’s really important to have someone guiding you in that way as well.
    Hope this helps someone. 🙂 thanks

    Reply
  5. Penny

    Thanks for the article. Yes, when it comes to real estate purchases, each state and even each city is different where property values are concerned. I wouldn’t shy away from Condo’s though. One does have to do their due diligence in checking out the HOA, the market, past and present and what the potential in renting is in their area. I have invested in condo’s over the past and have ended up doubling my initial investment on some of them. I have never lost money(knock on wood!). BUT, you do need to do your homework. Frankly, I like them better than residential investments. Main reason, the association keeps up on the outside including yard work which results in less money out of my pocket book. That’s a plus for me in my investment portfolio. And yes, I am a REALTOR. Loving real estate these days. Give it a try!

    Reply
  6. WA Strata Management

    When qualifying location for the rental property, don’t forget the safety factor. There are ways on how to find out whether the community is a safe place to live in or not.

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  9. Vilas

    Nice blog.

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  10. Image property

    Great article. Buying a rental investment is a numbers game so doing your math before deciding to buy that property you’re eyeing is very important. Always think cash flow.

    Reply
  11. gsb

    Looking to invest in a duplex or triplex and live in one while renting out others. Never done this before and reading your pointers before buying is daunting for me as I have no experience in this form of business. I would love to learn all this , but not ‘THE HARD WAY’ as I am too old to make a major mistake. I plan on reading a lot..but are there classes, or people I can talk with that can guide me step by step from ‘considering,’ to ac actually purchasing? All the tax and financial info seems so complicated. BUT I am willing to learn.

    Reply
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    We provide the best service at affordable prices.

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  13. Drew

    This is the perfect guide for anyone who is interested in purchasing a rental property. Thanks so much for sharing it!

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  14. Ana D

    We need rental houses when we are going somewhere such as for spending holidays, studying etc. We feel comfortable to live in a private rental where we get every facility what we are getting in our own house. Before booking any rental house we should collect information related to the house like where is the house is placed, rental charges, facilities we will get and more others.

    Reply
  15. Bunbury Real Estate

    Excellent post! It will be hard to remember all these if you’re a first time investor so I bookmarked your page. I rarely do but this one got me thinking. Thanks!

    Reply
  16. Chase Wilson

    Great article! That graph was really nice to have in there, it made it easy to understand! I have been thinking about buying a rental property and using it for a little bit of extra income! That sounds like a good plan down the road! I know nothing about renting out a house though, are there any property management companies that you can hire to get your second house rented out?

    Reply
  17. Mia Katie

    Great stuff!Useful post for all who want to buy or rental their property.Thanks for great information.

    Reply
  18. Rachelle Gonsalez

    This kind of business really has to do with money’s back. If you’re in to this kind of business make sure that this one is the right move for you. Many see that owning or buying a rental property is a great source of income but it has really to do with more efforts, money and patience. There are certain rules to practice to this kind of business. Of course, the pros and cons are also on the list. Those risks are everywhere so better be ready because these may come the least you expected.

    Reply
  19. Branson Vacation Cabins

    I like your blog, great article ……!!!

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  21. Carol

    I was looking for information on the web for things I should be having or things I shouldn’t have when I move in to a condo, but I got this, which is very helpful. It’s always good to think ahead a few steps and prepare countermeasures if anything happens. There’s nothing wrong about it anyway, you’re just protecting your investment.

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  22. james

    Hi, I have completely read your web blog and articles. There are many interesting and important information in your web blog. Very nice description of Buying Rental Property.

    Thank You
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  23. danielvhenny

    wow !nice article really informative for new property buyers.

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    To add to your advice, I would suggest vacation rental owners to ideally post one blog a week. Although, coming up with creative and interesting content is easier said than done and you’ve provided some great ideas to help vacation rental owners on their way.

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    Really useful article and well explained – it is so important for vacation rental owners to make the most of free marketing by blogging.

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  27. vacation rental house

    There is an age-old debate on whether or not it makes more sense for people to rent or buy. I guess this article might help few minds.

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  28. danielvhenny

    Thanks for the information .it is really helpful for me to buy a good property and make my investment profitable.

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  29. Joel

    It’s interesting how much the difference is between 2-4% in mortgage rates. A friend of mine is looking to buy an investment property. There’s a lot to it, evidently. I’ll have to show him a copy of this post. Thanks for sharing!

    Reply
  30. Buy House Cash Kansas City

    Hi, Very nice description about What You Need To Know Before Buying Rental Property. Excellent explanation with the help of graph. I have completely agree with your articles.

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  31. Dariza

    Thanks a lot for sharing your knowledge. I’m renting an apartment now and also planning to buy my own home someday. That’s why I’m very careful on choosing where and what to invest because it will cost my hard earned money.

    Reply
  32. Dan Burkshire

    Great read. Cash flow is great. Another perspective on cash flow is that cash flow enables you to hold the investment until you can sell and make money off of the appreciation. What do you think about that idea as opposed to buying for just the cash ROI? Also, I follow the calculations to determine the return on your investment. Do you or anybody else have a suggestion on books to read or tools to use for determining whether a investment property is worth buying? Thanks in advance. Cheers and happy investing.

    Reply
    • George Lambert

      Dan, I just published a book that should put you on the right path. What You Must Know BEFORE Becoming a Greedy Landlord is meant to show you how to build a portfolio of investment properties for an income that lasts a lifetime.

      It’s available in paperback and Kindle formats at Amazon. You can also order it from Barnes & Noble, Booklocker, iTunes, and kobo.

      Good luck!

      George Lambert
      Author, What You Must Know BEFORE Becoming a Greedy Landlord

      Reply
  33. apartments for rent dothan al

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  34. vacation rental house

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  35. Property Mentor

    The post is very interesting and useful for me.Thanks for sharing the post..

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  36. Mark Henry

    All the information I feel is more than sufficient for the newbies who are looking forward to have rental property. Thanks for sharing this information. But I still want to advice that having own asset is better than being a tenant.

    Reply
  37. Bélise

    I am so glad to have found this article about your findings and thoughts on owning rental property. My grandpa made a substantial living off of rental property but he passed on before he could pass on his wisdom to me. It’s good to know how to value your property correctly and also to know that it’s not so bad being a landlord. Thank you for your expertise on this matter.

    Reply
  38. Andy Harrison

    Great advice you put here! One of the things that you should always do when renting is see how much it will be per year. This puts it into perspective if you can afford it or not. It also shows you how much the rent will yield compared to the price of the property.

    Reply
  39. Seth

    I am wanting to build houses here in Muscle Shoals Alabama.I just passed my Homebuilders test and wanting to know what the next steps are. How to get my business started?

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  40. Buy Apartments Rental Dothan Al

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  41. Buy Apartments Rental Dothan Al

    Hey thank you so much for this great advice. I am also planning to buy new home and your advice for buying house gonna help me so much.

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    By sharing my experience, allow me to motivate you to understand there are other options available and you don’t have to do what everyone else is doing.

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  46. shawngold

    Hello, I think agents who have property of their own is super important, as is finding an accountant who has property. It just makes sense!

    Reply
  47. Sammy Burke

    Wow, I find it fascinating to know that if the latest inflation figure is 3% then there would be a 1-5% increase in national property prices. It seems like this piece of information would be something for me to share with my sister. Mainly because she’s thinking about buying a rental property near her town.

    Reply
  48. Dave @ www.AffordEverything.com

    Great Article. I find as a landlord except for the inevitable things repair wise, that can be some what unexpecpected, that a properly screened tenant will eliminate most of the problems potential landlords fear. I recommend saving atleast $100 from rents per house monthly so that if there is a repair to be done it won’t hurt you.

    Reply
  49. Jeff

    Nice post! Thank you so much for sharing.

    Reply
  50. Apartment for sale

    Great! I am getting condo soon, and this is going to be big help.

    Reply
  51. Jade Brunet

    Thank you for these helpful tips about what to know about buying a rental property. It is good to know that considering finance is essential. Being mindful of taxes and depreciation is also a point that was mentioned. I think that it would also be beneficial to physically see the property being bought before the investment is made.

    Reply
  52. izzy

    Some good tips here, thanks for sharing. The decision of buying or renting is a big one and much debated. You need to take into account external factors such as mortgage rates, while also applying these to your personal situation. A lot has to slot together to make it work for you. Don’t rush

    Reply
  53. Dilawar Nadeem

    Very well written article, thanks for sharing with us. For any kind of help in investing and rental properties visit Property Management Greenville SC

    Reply
  54. King’s Wharf

    It’s always wise to know what you need and want before you go buying a rental apartment. I found your post very useful. Keep sharing!

    Reply
  55. Kelli

    Very educative article, thank you for posting! As an owner, I had a lot of problems for many years. That’s why I found this article very useful- it’s good to know what you need before you go buying a property. My headaches stopped when I found NYC apartment management , so I always recommend it- it’s worth it.

    Reply
  56. new york rental property

    Very useful tips, I wish I found this post earlier! 🙂 Looking forward for more…

    Reply
  57. Ranu

    Don’t forget to follow these thumb rules before buying a propertyInvesting in a property is a major step. For a lot of people, buying a house happens to be the most important financial decision of life. And a house doesn’t just offer you some space to live in. It also gives you a sense of accomplishment and peace. And it is this house where people start their own family. So, a house bears profound significance in any individual’s life. If you too nurture the dream of having a house of your own, then it would be valuable for you to know that it is going to be a vital episode of your life. Hence, considering it with care and wisdom is highly advisable.
    Generally, almost all flats for sale in Delhi are expensive. And that is why you should keep a few points in mind. The following considerations help you choose the best house for yourself, irrespective of the place where you want it-http://nayouquan.com/dont-forget-to-follow-these-thumb-rules-before-buying-a-property/

    Reply
  58. St. Louis Fixer Upper

    Awesome post and very helpful info especially for someone who is starting out in real estate. I’m glad that you all wrote it because I can bookmark it for future reference.

    Reply
  59. PPPCapital

    Thanks for sharing Really trustworthy blog. Please keep updating with great posts like this one. I have booked marked your site and am about to email it to a few friends of mine that I know would enjoy reading.

    Reply

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