Market Trend
There are so many websites provide the Real Estate Market Trend. The best way is to findwhat are the sold price and asking price of your neighbors houses and other houses similar To yours. Here are some good ones:
Investing Real Estate
$$$ OUT
- Downpayment
- Mortgage payment
- Maintenance
- Tax
- Insurance
- Managing fee
- Before sell – preparation cost
- For sell – listing fee, vacancy
- After sell – capital gain tax
$$$ IN
- Monthly rent incomes OR
- Annual crop sales OR
- Incomes from booking if you run the house as Airbnb
- Net profit from selling the house
When you want to collect incomes from real properties which could be farm, ranch, apartment, single house, commercial building, you are a real estate investor. All investors have to do the simple meth to know what they are doing. Do this simple chart before you make investment. Remember, positive cash flow is the most important fact to survive in all situation!!!
The beautiy of making money out of the real properties is using rents to pay monthly expenses and make profits when you get it sold; and don’t forget to talk to your accountant about the capital gains.
Comparable
Too much work to decide what is the best asking price to sell? Allow me to help! I can provide Free Comparable of your house
1.
Comparable is not the licensed appraiser’s report
2.
It is for your reference and you have to make final decision
3.
What is in Comparable?
1.
Sold prices in last 3-6 months
2.
Within 1 or 5 miles of target .. Depends on density of area
3.
What is on current market
I serve these areas: Redwood Valley, Ukiah, Cloverdale, north & east Santa Rosa
