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19-12-2015, 09:18 PM
For my case the $500 profit I mentioned above is net profit, after subtracting agent commision, maintenance fee, property tax, income tax on rental, insurance etc.
Renovation and furnitures expenses are added to capital invested.
Downtime is usually 0 to 1 month if you plan ahead.
ROI is about 5 to 10% per year. This does not include the final capital gain if the property is sold during bull market.
This return may not be very fantastic but like I said before it is pretty safe.
Renovation and furnitures expenses are added to capital invested.
Downtime is usually 0 to 1 month if you plan ahead.
ROI is about 5 to 10% per year. This does not include the final capital gain if the property is sold during bull market.
This return may not be very fantastic but like I said before it is pretty safe.