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How do I select which houses I should buy to rent out?
Basically, what do I need to know before deciding which houses to buy to rent, so I don't lose on a monthly basis?
2 Answers
- 1 decade agoFavorite Answer
answering that question could take books. Basically you should know the value of the property you are acquiring, the rental value, can you rent it as you think, the cost of your money, management costs and time, upkeep costs and etc. Then get a pad, pencil, and a calculator and go to work.
- 1 decade ago
its really easy math, you have the selling price, you have the accepted price.
you must be able to make the payment on the house.
dont forget, you have insurance, taxes and repair.