| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us |
This site is an archive of old articles

    SEARCH ARTICLES
    Custom Search


vertical line

Article Surfing Archive



Profits With Rental Properties - Articles Surfing

So you are interesting in becoming a landlord? Investing in rental properties can be an exciting and very profitable business. Not only can real estate provide current income through rental property but it also can increase your personal wealth or networth. Make no mistake, this is not a sure thing to easy money and investing in real estate is not for everyone. There are risks as with any business or investment but with careful research and the help of a real estate professional you can find the right property in the right location for maximum return on your investment.

Steps to purchasing your rental property

  1. Meet with a mortgage broker to determine how much you can borrow and to obtain approval for a loan.

  2. Next you need to determine the type of property you are looking for. Will it be a single family home or commerical property with multiple units?

  3. When you have a potential property identified estimate the possible rental income you could expect from this property based on comparable rentals in the area.

  4. Determine your anticipated cash flow from the rental. You will need to consider income from rent compared against all expenses including the mortgage, insurance, property taxes, maintenance, and repairs.

  5. Be sure to review the potential tax consequences of your purchase.

  6. Rent the property until you determine it is in your best interest to sell it.

Because of the potential financial and tax consequences of your decisions, it is very important to consult with a professional real estate agent throughout this process. You will also likely need the assistance of an attorney and a tax advisor.

Submitted by:

Jakob Jelling

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.



        RELATED SITES






https://articlesurfing.org/business_and_finance/profits_with_rental_properties.html

Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).










ARTICLE CATEGORIES

Aging
Arts and Crafts
Auto and Trucks
Automotive
Business
Business and Finance
Cancer Survival
Career
Classifieds
Computers and Internet
Computers and Technology
Cooking
Culture
Education
Education #2
Entertainment
Etiquette
Family
Finances
Food and Drink
Food and Drink B
Gadgets and Gizmos
Gardening
Health
Hobbies
Home Improvement
Home Management
Humor
Internet
Jobs
Kids and Teens
Learning Languages
Leadership
Legal
Legal B
Marketing
Marketing B
Medical Business
Medicines and Remedies
Music and Movies
Online Business
Opinions
Parenting
Parenting B
Pets
Pets and Animals
Poetry
Politics
Politics and Government
Real Estate
Recreation
Recreation and Sports
Science
Self Help
Self Improvement
Short Stories
Site Promotion
Society
Sports
Travel and Leisure
Travel Part B
Web Development
Wellness, Fitness and Diet
World Affairs
Writing
Writing B