Successful real estate investors swear that more profit in less desirable areas is best, dismissing the three factors of value, "Location,Location,Location".
Before making a purchase you should consider all of the facts. A good real estate investment rule of thumb as an average is a net rent is a double digit cap rate or at least 1% above Treasury bond after all expenses are paid. Example; If you net a $1,000 per month on a $100,000 investment, totaling $12,000 a year or 12% of $100,000, thatâ€™s a double digit return on your investment.
Important to know what the comparable net rents and vacancy rates are in the neighborhood youâ€™re interested in. If you are looking in or around the Kansas City area, I would be than happy to offer my real estate assistance and help you locate the properties that fit your investment needs.