Two second test for potential investment properties
Author: Financial-edu.com
Looking at hundreds of potential investment properties can be a daunting task. You could analyze each property individually to see whether it would be a good buy or not. But that takes time. Lots of time. Try using the quick test to find investment gems. This is what you do:
1. Find out the rental rate for the property that you are looking at. 2. Take the asking price of the property and divide it by 100. 3. If the monthly rental income of the property is greater than the asking price divided by 100, then it is worth doing some more detailed analysis of the property. If it is not, move on. There are other gems out there.
Using this test will get you the properties that are most likely to give you positive cash flow after all expenses. There will be some good properties that will "slip through", but with so many properties available, you will still have many good investment properties to choose from.
Marc Norris is an experienced web marketer and real estate investor. You can learn more about real estate and business opportunities at http://www.bizops.ca You can reach Marc by e-mail at mnorris@bizops.ca
