homes for sale in huntsville alabama

We manage over 400 properties and the best advice we can give is to focus on properties and areas that will be attractive to tenants
March 16th, 2012 11:53 AM




We manage over 400 properties and the best advice we can give is to focus on properties and areas that will be attractive to tenants. I've seen investors focus on house that they could buy for next to nothing in marginal neighborhoods and then struggle with unstable tenants, evictions, legal costs and huge repair costs between tenants. There are a few experienced investors I know who have been able to build a business around these C class properties but it is a very tough business that few survive.

We have learned not to take on properties that rent for under $600 - $700 dollars and prefer homes that rent in the $1,200 - $1,500 range.

Our first step will be finding out your price range. Most lenders will require a 15% or greater down payment for investors and the best investor rate I have seen lately is 6%.


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