Website design By BotEap.comInvesting in low-cost, low-income properties is a proven way to wealth and positive cash flow, especially in today’s cheaper market. What is a low income property? A single-family house, duplex, triplex or 4 suites (quadruple) and small apartment buildings.
Website design By BotEap.comWhy are low income properties a great investment? You have a large tenant group to work with. Most renters would prefer to rent a house or duplex rather than a large apartment complex for many reasons. You can buy them at very low prices in CERTAIN markets, and there are NOW more renters than ever before. They are generally RECESSION PROOF if purchased in the right neighborhood, such as affordable rental neighborhoods.
Website design By BotEap.comFind the offers:
Website design By BotEap.comThis is the easy part up to a point.
Website design By BotEap.comDealing with local brokers and agents is a good way to build a long-term stream of business. But if you really want to go full speed ahead, start running private marketing campaigns for free and clear property owners and pre-foreclosures. Due to the real estate collapse in the last 3 years, A LOT of competition (especially amateurs) was eliminated! Most investors today are cash investors looking only for REO and MLS listed properties.
Website design By BotEap.comProperty:
Website design By BotEap.comYou have to follow certain rules and make sure you don’t buy junk. There are many super cheap properties as a result of the real estate crisis, but remember that all that glitters is not gold. You have to put yourself in the shoes of the tenants. Make sure you have at least 2 bedrooms per unit and a good floor plan layout. Remember that the cash flow comes from the tenant, not out of thin air.
Website design By BotEap.comMarket:
Website design By BotEap.comI focus my efforts on the low income rental markets, find the most cash flow and success in these neighborhoods, plus the competition is much less, even today. The cost is low and the cash flow is high. You want to find a similar market where rents are stable but prices are still low or undervalued. They are still out there. If you live in an expensive market, you can always get out of your market. Thanks to Internet technologies, this is very feasible today, BUT you must have a reliable team in whatever market you establish yourself in.
Website design By BotEap.comYour team:
Website design By BotEap.comMost people want to build a cash flow rental portfolio to maximize their income, returns and lifestyle.
Website design By BotEap.comWherever you set up shop, you should have these team players in your business:
Website design By BotEap.com-Realtor willing to work with you to get pictures and make lots of low cost offers
-Licensed Professional Property Manager
-Handyman/maintenance/manager type on site (inexpensive)
-Eviction attorney who does things YOUR way
-Subcontractors such as roofers, plumbers, HVAC, etc.
-A general contractor who won’t rip you off.
-A low cost rental market with stable and solid income.
Website design By BotEap.comEarn money:
Website design By BotEap.comEarning money on small income properties is a proven form of wealth. You just have to have the systems set up as you go and use a lot of common sense in your dealings with the various vendors you will be using, including tenants as well.
