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Updated almost 8 years ago, 01/05/2017
How to estimate potential rental income in an area
Hi everyone,
I'm very new to real estate investing, and am in the market for a rental property in Dallas (price range $250-300K). My primary fear is that we'll buy a house, and have it sit without a renter for a long time, or we end up barely covering mortgage.
In your experience, what has been the most reliable source of information for:
- Average rent in the area
- Typical vacancy periods
I've seen information on the standard real-estate websites like Trulia, but the ranges between websites vary quite a bit.
Thanks a lot for the help/advice, and apologies in advance if this question has been asked/answered in the past.