There are a lot of areas that you can purchase Buy & Hold real estate. There are many ways to structure Income real estate….Rent, Land Contract, Lease Option, to name a few.
Every property requires a different strategy and where the home is located dictates the strategy. For example Phoenix metro area in most cases would be a rental. The equity growth is going to be strong according to the experts. Finding a property in Mesa, Chandler or Gilbert will net you $950 a month. If you have a mortgage on that property then you would deduct the payment from the $950. The area is a solid rental and the equity will grow while it is rented. The key is getting a property that will attract quality tenants that usually stay long term.
In the northern Ohio area you can do the rental or land contract. You can still buy homes with equity in northern Ohio. We recently purchased a property for a client in Bedford Heights Ohio for $73,000. They were asking $99,000 for the home and properly fixed up the home would be worth around $115,000. This clients likes cash flow and the home will rent for $1200 a month. Great numbers and you could also could sale the home on a land contract.
Success in buying and holding real estate is knowing what you have and how to profit from it. To many times investors do not look at what the property can do and how to structure income on it. Most investors only look at the price and rents. Looking at the whole picture of a property can make all the difference in the world. Call Brett this is what I do and I am licensed in Arizona and Ohio 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty