Home Buying in Plano>Question Details

HB, Home Buyer in Plano, TX

Objective is to earn rent between $1.2K-1.5K/m. Property should be newer & @Neighborhood where its easy to get a tenant How much investment needed?

Asked by HB, Plano, TX Tue Feb 25, 2014

Want to invest in rental property around Plano,Richardson,Frisco or Irving. As I stated conditions are
1. Rent should be between 1200 to 1500
2. Property should be newer
3. Resell should be relatively easy

Putting how much would be ideal, ok and bad investment for above mentioned objective?

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Answers

2
I agree with Linda. Then pick any 1 Realtor and be loyal to them. Finding investment property is hard because a lot of investors are not realistic in there return expectations.
0 votes Thank Flag Link Sun Mar 2, 2014
Your first step would be to talk to a lender to see if you will qualify for an investment property. As an investor you do have to put more money down than if you were an owner occupant. Investment property is an excellent buy right now as rentals are always in demand. If you need some lender recommendations just drop me a line. I would be happy to set you up with a search for rental properties as well. linda@lindalorenzo.com
0 votes Thank Flag Link Wed Feb 26, 2014
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