Quote:
Originally Posted by After Shock Media
Curious to know what formulas you are using. What your predicted non occupancy rate is. Lots of small factors go into such formulas to figure out if a place could be a profitable rental or not. Even purely for equity purposes, making sure your not in the red at all is very key.
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The places I am looking at are 900-1500 sq feet. They are 2-3 BR. These houses are running $25-40,000.00. Some are little more then those bread boxes in a nice neighborhood with good school district.
I've checked out some of them, and they are in decent condition. They could use some upgrades, but are not destroyed, rat infested, etc. But if I pick em up around $25,000 or even 30k. I can rent them out at $500-750 easy.