Rent amounts are more stable than real estate prices.
The rent amount you can charge is based on incomes in an area.
In real estate: rents behave rigidly; prices are more elastic.
Employment sectors dictate what type of worker buys and what type rents.
Mortgage loan qualification is difficult; I’m qualifying myself. This is inconvenient, but it means borrowers are solvent.
This creates a barrier to entry and stabilizes prices. Tips:
- Be organized.
- Buy multiple properties from the same provider at the same time, if possible.
- Use the same mortgage company.
The BRRRR real estate investing strategy is: Buy – Renovate – Rent – Refinance – Repeat.
You can double or triple your cash-on-cash return with BRRRR.
Learn about Baltimore BRRRR and Philadelphia turnkey property at: www.GetRichEducation/Baltimore
Turnkey vs. BRRRR compared.