Posts Tagged ‘good’
Is buying a rental property in an area with other homes for sale a good idea?
The rental property I am looking at is in a nice area, but there are at least three other properties in the same area for sale. Is this a good idea or look in an area with less turnover?
What is a good way to determine the value of a rental property you would like to buy?
I am interested in investing in some rental property and I would like to know what a good method is to determine how much I should pay for a rental property based on rent recieved.
For instance one duplex I have looked at has collected an average of 11,500 a year over the last 5 years. However, it is for sale for 275,000. That seems like a high asking price based on the amount of money it is generating.
(I know the amount of money a rental property is generating is not the only factor, but I think it should be an easy way to narrow down my options.)
Thanks!!
What is the minimum down paymentrequired for rental property to get good interest rates?
What is the minimum down payment rental property? Also if I will purchase rental property such as an aprtment building and live in one of the units and rent out others will that be considered rental property. What is the best way to go about financing this with arround 15-20% downpayment?
What is a good formula for splitting profits on a rental property investment?
I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this up. Being close family members, we weren’t too concerned about figuring this out we bought the property.
I would really appreciate any suggestions from real estate investors experienced with partnership investments like this.
Here are the figures for the capital and work/mangement invested by each party.
Investor #1:
Invested $150, 000 by taking out a regular home loan.
Lived at the property and payed “rent”.
Did 85% of the maintenance, improvements and rental property management.
Investor #2:
Invested $75,000 from a home equity line of credit.
Did 0% of the maintenance, improvements and rental property management.
Investor #3:
Invested $25,000 from a home equity line of credit.
Did 15% of the maintenance, improvements and rental property management.
Thank you!