Trends, news, and fun stuff relevant for those in the Downriver area of Southeast Michigan. If you own a home in Downriver, then this is the place to be. We talk about real estate news, offer homeowner and repair tips, and take a peek at celebrity mansions.
Monday, December 9, 2013
Rental Property Purchase, A Step by Step Example
Brandon Turner has a great article detailing his analysis process and how he actually acquired a property that he was planning to rent out. In this case, it is a tri-plex (three units), one for the main house, one for the basement, and one for part of the garage.
It's helpful to see how he found it, calculated what he wanted to pay, and whether it was a good deal or not. There are some simple math calculations spelled out for you. It even includes a video!
http://www.biggerpockets.com/renewsblog/2013/11/28/analyze-rental-property/#comments
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Landlord Monday
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