http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/ Safe High Return Investments Miami Sat, 23 Jan 2010 19:23:56 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/comment-page-1/#comment-13 Savvy Blonde Fri, 30 Oct 2009 01:00:51 +0000 http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/#comment-13 And what will you do if housing prices continue to drop? Have you considered that possibility? And what will you do if housing prices continue to drop? Have you considered that possibility?

]]> http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/comment-page-1/#comment-12 Resident Heretic Thu, 29 Oct 2009 20:22:38 +0000 http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/#comment-12 You cannot figure out how much rent you can charge from the purchase price. You CAN figure out if it's a good investment if you know the costs (taxes, loan payment, your utility costs, etc.) and the income amount (gross rents). Usually we use a "Capitalization Rate Analysis" with income producing Real Estate. Personally, I'd like to see a "Cap Rate" of 10%, but in most areas, it's probably closer to 7%. Never mind that, as it gets a bit complicated for a forum. A man on the street analysis is 10% of purchase price. So if you can get $2,000 per month, it's an excellent deal at $200,000 purchase price. This however is unlikely. Again, there's not enough information here, if it's a home (only one unit or a "single family residence", it is unlikely you'll get $2,000 a month, usually you cannot get more than $1,500 per month in most markets. This is because if they (renters) have $2,000 a month, won't they buy one themself??? Also true at $1,500 a month in my opinion. If you have the ability to buy a $200,000 piece of Real Estate, my advice is to buy a multi-unit in a college town. Single bedroom units are best. So, in some of these college towns, you can get a 4unit for $200,000. Perhaps you can get $500 for each unit, now we're back to good numbers ($2,000 a month for a $200,000 property). Happy Investing! You cannot figure out how much rent you can charge from the purchase price. You CAN figure out if it’s a good investment if you know the costs (taxes, loan payment, your utility costs, etc.)
and the income amount (gross rents).
Usually we use a “Capitalization Rate Analysis” with income producing Real Estate. Personally, I’d like to see a “Cap Rate” of 10%, but in most areas, it’s probably closer to 7%.
Never mind that, as it gets a bit complicated for a forum.
A man on the street analysis is 10% of purchase price.
So if you can get $2,000 per month, it’s an excellent deal at $200,000 purchase price. This however is unlikely.
Again, there’s not enough information here, if it’s a home (only one unit or a “single family residence”, it is unlikely you’ll get $2,000 a month, usually you cannot get more than $1,500 per month in most markets. This is because if they (renters) have $2,000 a month, won’t they buy one themself??? Also true at $1,500 a month in my opinion.
If you have the ability to buy a $200,000 piece of Real Estate, my advice is to buy a multi-unit in a college town. Single bedroom units are best. So, in some of these college towns, you can get a 4unit for $200,000. Perhaps you can get $500 for each unit, now we’re back to good numbers ($2,000 a month for a $200,000 property). Happy Investing!

]]> http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/comment-page-1/#comment-11 tony fortune Thu, 29 Oct 2009 15:00:33 +0000 http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/#comment-11 In Miami, you can't buy a decent condo apartment for that price -- at least not one that doesn't require ANOTHER $200,000 to make livable. House? You couldn't buy a garage for that price either. In Miami, you can’t buy a decent condo apartment for that price — at least not one that doesn’t require ANOTHER $200,000 to make livable.
House? You couldn’t buy a garage for that price either.

]]> http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/comment-page-1/#comment-10 lralvare… Thu, 29 Oct 2009 12:44:36 +0000 http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/#comment-10 Why Miami? There are tons of other areas in the country where you can rent a house for positive cashflow. Don't lock in on just Miami. Also make sure you have a good property manager to collect your rents since you're far away. Check out other areas in the US where properties can be rented for positive cash flow. For example in Baltimore, MD you can get a 3-6 unit for that price and the cashflow would be better on a multi-unit. Also a good place to check rents in an area is www.rentometer.com Happy Investing! Why Miami? There are tons of other areas in the country where you can rent a house for positive cashflow. Don’t lock in on just Miami. Also make sure you have a good property manager to collect your rents since you’re far away. Check out other areas in the US where properties can be rented for positive cash flow. For example in Baltimore, MD you can get a 3-6 unit for that price and the cashflow would be better on a multi-unit. Also a good place to check rents in an area is http://www.rentometer.com
Happy Investing!

]]> http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/comment-page-1/#comment-9 Landlord Thu, 29 Oct 2009 07:12:22 +0000 http://safehighreturninvestmentsmiami.com/18/what-if-i-buy-a-200-000-apartment-in-miami-and-rent-it-out-good-investment-for-a-non-us-resident/#comment-9 Sadly (for us) this is a great time for you to buy property in the US. You are not going to get enough rent for decent cash flow in Miami, but you will elsewhere. You want to buy where there are lots of jobs and lots of people. CA, AZ, NY. Washington DC is another place that housing is high in demand. Sadly (for us) this is a great time for you to buy property in the US.
You are not going to get enough rent for decent cash flow in Miami, but you will elsewhere.
You want to buy where there are lots of jobs and lots of people. CA, AZ, NY. Washington DC is another place that housing is high in demand.

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