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Updated over 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
Posts

What is the best way to know if your house will get rented

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

I found a house. I can buy it for 42k i think its worth 70k - 50k. I can pur 20% down. But, i dont know if the house will get rented.. what should I do?

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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
4,019
Votes |
4,340
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

I would start by researching the local market for rentals. Pretend you are a prospective renter and need a place to live. Look for properties similar to the one you're thinking about buying. Once you narrow down the rental rate you can run the numbers. You better cash flow every month if you're putting 20% down. 

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