BEST ANSWER
FIRST ANSWER
In todays climate buyers of income property are only buying if the price is right. If you are in a market where prices are flat, or going down, like most of the country, the only way a buyer gets any return on the investment is if he gets cashflow.
In order to get cashflow, your rents need to be at or above 1% of your asking price. for example $1000 pre month rent on a $100,000 asking price. If you list properties at a price that they will cashflow, there are lots of buyers out there waiting to buy and lots of money around the country looking for thowe type of properties. If however, your property is over priced, meaning that it does not cashflow, it will sit for a long time.
Fri Apr 11 2008, 09:42