Which type of Real Estate is most Profitable

 

I purchased this property for $120,000 and did $12,000 in rehab. The total was $132,000 which left me Approx $30,000 equity.

This is a solid area for both equity and income. This property was leased for $1400 a month in 10 days to a qualified tenant.

Let's look at the Approx numbers 

Rent $1400 Tax $222 Insurance $60 Property Management $125 Net $993 or $11,916 a year

This area provides a lot of quality tenants that stay in the homes. Our average is 21 months. 

That means that I can count on my property having consistent income and also after 12 months we will also probably get an increase on the rent. 

I follow the same rules I make for my clients and purchase at the same amounts. Creating wealth and income through real estate is my speciality.

Need good solid Investment Real Estate? Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me 

Need Property Management Call Lori 440-395-3379 at Avalon Group Realty

Get more information on our Income Real Estate Results 
 

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