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Ben Moskel lives and works in Pittsford, New York. Ben provides digital marketing and customer acquisition consulting services for real estate related products and financial services. Ben Moskel enjoys playing basketball, wakeboarding, travel, and reading business related books.
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One of the big advantages of rehabbing a house is that you have 2 primary options: 1. Buy it, rehab it, and sell it. This provides for a big payday. 2. Buy it, rehab it, and rent it. This option provides you with a steady cash flow stream. The advantage here is that you can get away with spending less money on the rehab. Here is a house that I think would be an OUTSTANDING cash flow rental property:
The fundamentals are solid; it just needs some cosmetic work, and mostly on the interior. Here are the numbers: Purchase Price: Rehab costs for Total investment: $24,000 Annual Cash Flow: $14,400 ($600/month/unit) That is an incredible return on your money! You would have your entire investment paid off in just 20 months. After that, you would be making $1,200 per month, minus upkeep, from this one property! How many of these houses would you need to retire comfortably? How many would you need to retire VERY comfortably? $4,500 $20,000 rental: