Considering adding real estate to your financial portfolio?
So what do you do?
There are a few options:
But it won’t take long for your investment to turn into income.
Here’s an example: A $100,000 home acquired with a $75,000 loan costs, say, $800 a month in principal, interest, taxes and insurance. You rent that home to three college students for $500 each, which brings in $1,500 per month. That gives you a positive cash flow of $700 per month, and the tenants are paying down your asset while you still maintain the benefits of the tax write off.
Take that math equation out a little further. In one year, $700 x 12 months equals $8,400. In three years, you will have gained $25,200, essentially recouping your down payment.
The Property Management team at Marsha Marsh Real Estate Services can help first-time investors or experienced investors in any number of ways.
We can manage your property or properties and contact vendors for repairs or improvements, which typically involve HVAC, plumbing, electrical work. We have developed trusting, long-lasting relationships with our vendors. We work all the time with them in our industry, and they respond quickly to our calls and bill us at a discount since we provide them with a high-volume business.
It’s a win-win-win.