Real Estate Newbies – Listen up!

Are you in the real estate industry and wondering just how to go about making the absolute most money out of your investment? Did you know that rental properties, to some degree, make more money over time than someone purchasing a home from you directly? Using resources like Rentals.com to list your building can bring in quite a bit of cash for you. Most homes, especially in NY, can be rented for up to $5,000 per month. Yes, people would rather spend $5,000 a month on renting a house than $1,500 per month on a mortgage but hey, whatever floats their boat – right?

If you know exactly what resources to tap into then life naturally is going to be pretty sweet for you. Lots of people can flip a house but it takes a true business man to get a monthly cash-flow from that investment. They’ll double to even triple the price of the monthly mortgage just to make some cash and they’re making pretty good money in the process. Listing your rental on sites like rental.com can make it easy for you to find a renter who’s looking for a home, or even an apartment, to match YOUR price range.

Figure you have a 4 bedroom 2 bathroom home located in the middle of a gated community. Instead of selling it off for maybe $150,000, you can rent it out for $5,000 a month. Figure the person lives there for five years, if they’ve done well in maintaining their $5,000 a month, you’ve just made $300,000. (add up the numbers, I’ll wait.)

Bottom line, don’t flip the house – rent it out!