investment: Beginner Real Estate investing: Key Terms
- 08/04/17 08:10 AM
When it comes to investing in multifamily, it is important to know the key terms to analyze a deal! Cash FlowCash flow is the life of investing in real estate. This is the total amount of money being transferred in and out of your properties. Simply put, this is your income minus expenses. There could be additional sources for besides just rent including laundry income if you chose to offer coin op laundry. Be conservative when estimating your income and expenses. Run them on a worse case scenario. A mistake to avoid is to just include your mortgage, insurance and taxes and … (2 comments)
investment: How Much Money Do You Need To Invest In Real Estate?
- 07/30/17 07:00 AM
If you are looking to invest in residential multifamily (2-4 units) There are duplexes and triplexes everywhere in Worcester County! With a huge supply, it is possible to get a property under contract for a great price. Before you begin looking for your next deal, it is essential to speak with your lender to see what you are pre qualified for. Your lender will look at your debt, income, and assets. They will give you an idea of the mortgage amount you qualify for. This can be done over the phone or online. Once you have this number, only look at properties … (1 comments)
investment: How To Determine A Good Rental Property
- 07/26/17 07:23 AM
What makes a good rental property? Your goal should be to distinguish between a good and bad investment. You can make an in state out out of state investment and become an absentee landlord. First you want to determine your area. Here are three key elements in finding a rental property. Risk First ask yourself how comfortable are you with risk? You need to be able to understand properties are typically rated with letters A-D. An A class are would be a great neighborhood, with top school districts, and a very safe place to live. With a top area, expenses … (3 comments)
When it comes to investing in multifamily, it is important to know the key terms to analyze a deal!
;)
;)
