Are you a stock market and bond investor who has watched the TV shows and read about real estate investing, but you haven't made a move in that direction? If so, you're in a crowded group, so don't feel alone.
After all, for decades you and others before you have invested in the stock market over the long haul, hoping to be buying low and selling high at some point. Those investors who have regularly bought stocks and held over the long term have done well, but only over the long haul. If they tried to "time the market" or had to sell when it wasn't a good time, they could have taken a beating.
Holding a nice portfolio during one of the crashes was painful, sometimes to the tune of a 30% or more significant drop in asset values. The only solution was to hold and wait for prices to come back. That usually worked, but the lost gains and the time lost trying to get back to pre-crash levels wasn't fun. You may have suffered through one of these, or maybe you've been lucky. Seeing the claims of real estate investors making double-digit returns with lower risk investments may be interesting, but you've held back so far.
What if you could get into a long-term investment returning monthly cash flow without fixing up a property? What if you can even avoid the tricky process of determining what would make an excellent rental income investment? You're also willing to pay more to get the security of lower risk. You do that all the time anyway by taking a much lower return for safer bond investments.
You can buy income property, like apartment buildings or even single-family residences, and know what you can charge for rent and the significant expenditures you may have to make in the next few years. Believe it or not, there are rental property owners out there who are tired of the landlord role. More likely, they've reached retirement age, and now want to move to the mountains or the beach. They don't want to own an investment far from where they live, so they are ready to sell.
The apartment building is already in rental service, so the numbers should all be there for your examination. If the owner hasn't kept good records, we may want to look elsewhere. However, if they do have complete records of rental income, ownership and management expenses, and any substantial costs depreciated, you have everything you need to make a smart investment decision.
Sure, you want to have the property inspected, but it helps to see the records of a replacement of the heating and air conditioning system just three years before. Or, it could have been a roof replacement. The point is that you can expect to go for some years before you will need to address these issues again.
We can negotiate the purchase price, determine what you'll be paying for the mortgage, insurance, and taxes, and you can decide based on current and expected cash flow. There is a current renter(s) in place, so you know the income. We can also check out competitive rentals to see if they are not paying market rent, leaving you the opportunity to raise the rent at the end of the current lease.
Don't let an opportunity to lock in double-digit investment returns with low risk and known income from the day you close on the sale. We have the information, so it's just a matter of taking the plunge and taking your cash flow to the bank every month.
The enclosed information is deemed reliable but is not guaranteed.
We are happy to assist you with your next Investment Sale, Purchase or Exchange.
Thank you for contacting our team. We will be in touch shortly to assist you with your next Investment Property.
Contact My Team Today!
We are happy to assist you with your next Investment Sale, Purchase or Exchange.
Thank you for contacting our team. We will be in touch shortly to assist you with your next Investment Property.
Based on information from California Regional Multiple Listing Service, Inc. as of 08-15-2022 10:30 am. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from the TARMLS 2022. All information provided is deemed reliable but is not guaranteed and should be independently verified. TARMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. TARMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 08-15-2022 10:30 am
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Listings on this page identified as belonging to another listing firm are based upon data obtained from the PAAR MLS, which data is copyrighted by the Prescott Area Association of REALTORS® but is not warranted.
IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Any search result and subsequent display of listings must have the following disclaimer: Information provided by IMLS is deemed reliable but not guaranteed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Listing last modified: 08-15-2022 11:00 am
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Listing last modified: 08-15-2022 10:30 am
Based on information from California Regional Multiple Listing Service, Inc. as of 07-28-2022 6:05 pm. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Listing courtesy of REALTRACS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 04-15-2022 4:45 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CRISNet MLS as of 08-15-2022 10:30 am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing last modified: 08-15-2022 11:09 am
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.