Comments on: How to Buy a Profitable Rental Property and Get Passive Income http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/ Tips to Achieve Financial Freedom and Retire Wealthy Wed, 17 Mar 2010 07:41:45 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Rick http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/comment-page-2/#comment-23926 Rick Sat, 19 Dec 2009 19:06:01 +0000 http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/#comment-23926 I'd ;ike to mention that you may do better if you buy a "low end" property. The cost per unit may be much lower while rents may not be that much lower. When comparing proerties. divide the net cost by the number of units. This is the net cost per unit. Calculate the amount of rent you'll receive over a year. The annual return per unit should be 12-18% of the net cost. this may be easier to acheive with cheaper properties. I’d ;ike to mention that you may do better if you buy a “low end” property. The cost per unit may be much lower while rents may not be that much lower.
When comparing proerties. divide the net cost by the number of units. This is the net cost per unit. Calculate the amount of rent you’ll receive over a year.
The annual return per unit should be 12-18% of the net cost. this may be easier to acheive with cheaper properties.

]]> By: tpl http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/comment-page-1/#comment-14918 tpl Tue, 01 Jul 2008 21:30:00 +0000 http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/#comment-14918 Great info. I may be reading this a year after you wrote it, but the info is just as good now. Great info. I may be reading this a year after you wrote it, but the info is just as good now.

]]> By: Angie http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/comment-page-1/#comment-11435 Angie Wed, 05 Mar 2008 18:39:31 +0000 http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/#comment-11435 Your priority is to find out what your loan terms are. Ask if your mortgage rate is fixed or adjustable. An adjustable loan rate often causes homeowners a sense of anxiety and urgency since they can end up paying more in only a few months due to a rate increase. A fixed rate is more secure for a homeowner. The rate never changes before you initiate a refinance. I hope this helps! Your priority is to find out what your loan terms are. Ask if your mortgage rate is fixed or adjustable. An adjustable loan rate often causes homeowners a sense of anxiety and urgency since they can end up paying more in only a few months due to a rate increase. A fixed rate is more secure for a homeowner. The rate never changes before you initiate a refinance. I hope this helps!

]]> By: Lee Matthews -- Financial Concepts West http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/comment-page-1/#comment-11060 Lee Matthews -- Financial Concepts West Sun, 24 Feb 2008 19:19:13 +0000 http://www.finandom.com/blog/2007/06/08/how-to-buy-a-profitable-rental-property-and-get-passive-income/#comment-11060 "Make sure all your debt is under control. Maybe you can start a budget to make sure you can handle both your expenses, debt and mortgage payment." Here is the best way to do that -- it's called home equity acceleration: More and more folks are using a Home Equity Line of Credit (HELOC) or a business-line-of-credit (BLOC) or personal-line-of-credit (PLOC) as an interest cancellation account to accelerate their home equity and payoff their home *years* sooner than listed on their mortgage amortization schedule. Unfortunately, today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity. And they've discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using an Advanced Line of Credit (ALOC) to ‘power’ the Money Merge Account™ financial solutions program. A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it's a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I've personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!) And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle. It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals. I’d be happy to provide further details… “Make sure all your debt is under control. Maybe you can start a budget to make sure you can handle both your expenses, debt and mortgage payment.”

Here is the best way to do that — it’s called home equity acceleration:

More and more folks are using a Home Equity Line of Credit (HELOC) or a business-line-of-credit (BLOC) or personal-line-of-credit (PLOC) as an interest cancellation account to accelerate their home equity and payoff their home *years* sooner than listed on their mortgage amortization schedule.

Unfortunately, today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.

And they’ve discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using an Advanced Line of Credit (ALOC) to ‘power’ the Money Merge Account™ financial solutions program.

A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it’s a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I’ve personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!)

And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle.

It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals.

I’d be happy to provide further details…

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