Given the current environment of high prices and high interest rates, it is not likely that a taxpayer will pay tax on rental income for properties purchased now.

Purchase price: $362,000 Cash invested: $30,604 This was my first rental investment property!

On real property purchases I went from $50,000 to $500,000 to $1 million +.  

Anyone purchase the furniture themselves?

So take this with the that era in mind.After property purchase I quickly found a tenant willing to pay a rental enough to pay all expenses and leave a couple hundred a month in my pocket.  

I always visit multi-unit properties during the nighttime and weekends to see what type people live in the neighborhood and in the properties I am considering to purchase.

@Gulshan D.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Purchase price: $36,000 Cash invested: $10,000 Sale price: $90,000 2 Unit rental both with one bath and 1 full bedroom 1 walkthrough bedroom.

Hi there,I purchased an investment property a few years ago and the current tenants are interested in purchasing it.

I come from the Poconos, PA market and have helped at least 30 clients coordinate hot tub installs in the last year.Q1 Opinion*: Typically when underwriting property for buyer and mgmt clients, I'd give them a round number of $10k to assume for hot tub purchase / install / permits /foundation /electrical.