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Old 02-22-2017, 03:46 PM
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Default Just bought another 12% yield!

I put a contract on this beauty today for $182K. Fully furnished, New HVAC, hot tub, septic, appliances. The annual rents are in the $30K range, translating into a net of around $22K after expenses each year.

I think I can very easily get the top line to $35K and the bottom line to $27K.


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Old 02-22-2017, 03:48 PM
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duplicate post sorry
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Old 02-22-2017, 03:57 PM
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Congrats! I hope it works out well for you.
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Old 02-22-2017, 04:18 PM
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That is beautiful! I would love to take my wife to a place like that.
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Old 02-22-2017, 04:29 PM
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Quote:
Originally Posted by corn18 View Post
That is beautiful! I would love to take my wife to a place like that.
Perhaps TH can give you a SavingsAdvice discount
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Old 02-22-2017, 05:26 PM
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I actually bought this for my father with some of his estate - he has Alzheimer's and we are using the income to help preserve his nest egg and pay for expenses. It's a bit like an annuity except we are keeping the underlying asset and hopefully it will appreciate over time.
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Last edited by TexasHusker; 02-22-2017 at 05:29 PM.
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Old 02-22-2017, 06:10 PM
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Outstanding buy.
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Old 02-22-2017, 09:41 PM
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My dreamhome!!!

Except that would be at least 500K here

Congratulations!!!
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Old 02-23-2017, 03:28 AM
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Beautiful place.

Congrats
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Old 05-18-2017, 09:15 PM
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very rustic ... good deal!
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Old 05-20-2017, 10:11 AM
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Awesome. how do you know the rents before you buy it?
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Old 05-20-2017, 12:58 PM
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Awesome. how do you know the rents before you buy it?
I would think before buying an existing rental property that's one of the key things you'd be looking at - the property's rental history and the going rate.
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Old Yesterday, 07:16 PM
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Awesome. how do you know the rents before you buy it?
For rentals you look at the "CAP" rate the last 3 years and average it.

The capitalization rate is the rate of return on a real estate investment property based on the income that the property is generates. The capitalization rate is used to estimate the investor's potential return on his or her investment. ... Capitalization Rate = Net Operating Income / Current Market Value.
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Last edited by TexasHusker; Yesterday at 07:55 PM.
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