Which type of Real Estate is most Profitable

I purchased this property for $120,000 and did $12,000 in rehab. The total was $132,000 which left me Approx $30,000 equity.

This is a solid area for both equity and income. This property was leased for $1400 a month in 10 days to a qualified tenant.

Let’s look at the Approx numbers

Rent $1400 Tax $222 Insurance $60 Property Management $125 Net $993 or $11,916 a year

This area provides a lot of quality tenants that stay in the homes. Our average is 21 months.

That means that I can count on my property having consistent income and also after 12 months we will also probably get an increase on the rent.

I follow the same rules I make for my clients and purchase at the same amounts. Creating wealth and income through real estate is my speciality.

Need good solid Investment Real Estate? Call me (Brett) 216–703–5740 Fathom Realty or WhatsApp me

Need Property Management Call Lori 440–395–3379 at Avalon Group Realty