Top 5 Key Assets -Detailed Market Analysis of Mobile, AL1.

I'm a Realtor in Northeast Georgia who specializes in working with investors—and my husband builds single-family residential homes—we’ve learned that a key first step you can take now is to start assembling a strong team.

I have had to replace door locks when people kept jamming the wrong key in.

This sounds like a good deal, but due diligence is key. 

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Hi Scott - You have got the answer so i won't repeat it but key with travel expenses is have a good documentation and clearly bifurcating between personal and business.

This included updating the home's interior, improving curb appeal, and modernizing key features.

This included updating the home's interior, improving curb appeal, and modernizing key features.

Out of state you will need boots on the ground so building a team is key.  

To attract long-term, responsible tenants, focus on these key factors:Homeownership vs.