Hi everyone, i took out 1st mortgage on one of my rental - 150k . Any ideas on the type of property or location in the US that could profit 1% or more? I will be happy if i net cash flow 1500 a month.
Also im considered to buy 3 rental in NC @ 30-40k , rent and hold at about $700. Please help.
At 30-40k a door in NC you're going to be at the lower end of the market. If you do choose that route, be sure you get a great property manager and put aside enough funds for maintenance. Have you considered a triple net commercial property? The right deal can produce a lot of cash flow
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