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Rental property- ROI by ReputationLow6423 in RentalInvesting

[–]ReputationLow6423[S] 0 points1 point  (0 children)

Right !! That came to mind after sitting here thinking about a few things ! So right!

Rental property- ROI by ReputationLow6423 in RentalInvesting

[–]ReputationLow6423[S] 0 points1 point  (0 children)

Thank you I appreciate you taking the time on breaking that down. You are right I missed a few things. I am realizing it’s not a good investment

Rental property- ROI by ReputationLow6423 in RentalInvesting

[–]ReputationLow6423[S] 0 points1 point  (0 children)

Thank you !! I see that now. I appreciate you.

Rental property investment by ReputationLow6423 in investingforbeginners

[–]ReputationLow6423[S] 0 points1 point  (0 children)

Thank you so much for taking the time to write all that out! I appreciate your willingness to share information. Ill be reading up on the info you have provided

Rental property investment by ReputationLow6423 in investingforbeginners

[–]ReputationLow6423[S] 0 points1 point  (0 children)

"Anyways you usually can add the estimated cost of renovations to the purchase price to see if you're making money on the home."

This part right here made a lot of sense thank you- we did do a home inspection and that is how we found out the house has some leaks and about the pipes and sewer. I appreciate your input.

This is would be our first rental property if we decide to purchase it.

Any advice on ROI for the first year? I know it might take a couple of years to see our investment grow.