Deal analysis

[Jarnal Harper]

As an investor how do you go about analyzing your deals and what makes a good deal to you.

[Mike McKinzie]

Where do you buy a house for 24K and rent it for $900 a month? Even at 30K? I just bought a house in Texas for $142,000 and get $1,275 a month rent. Earlier, I bought one for 103K and get 1,050 a month rent. I refuse to buy a house for 20, 30 or 40K where I have to carry self defense to collect rent. Personally, I prefer to buy houses that I have NEVER have to see, NEVER have to talk to a tenant and NEVER have to make a repair.

Other investors like to "get their hands dirty", making repairs, buying cheap and dealing with tenants. There are many ways to make money in rentals, but NONE of it is easy.