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Updated almost 11 years ago on . Most recent reply
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What do you guys usually put down on investment properties ??
Do most investors here put at least 25% down when buying investment real estate ?
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- Residential Real Estate Investor
- Kansas City, MO
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@Joseph Tarallo , first and foremost, if the property has a rental history, that can help. There are a lot of websites that can be a good resource in figuring out rents.
Rentometer.com - This is a place to start, but don't take it verbatim
Craigslist.org - The map feature lets you look at nearby comps
Hotpads.com - More comps
Padmapper.com - More comps
City-Data.com - General demographic and rent info
CLRSearch.com - More demographics
It's also a good idea to ask people who live nearby what they pay in rent (although be careful, if they're on Section 8, the rent price might be higher than market). And with larger apartments, do a market survey and call nearby apartments and ask for their occupancy, rent prices, etc.