Properties

Featured Property

4848 Villa Encanto El Paso, Texas

4 Beds 5 Baths 4,635 SqFt 0.22 Acres

4780 TURTLE DOVE Place El Paso, Texas

6 Beds 6 Baths 5,461 SqFt 0.81 Acres

15676 North Loop Drive Fabens, Texas

3 Beds 2 Baths 2,143 SqFt 7 Acres

5696 RIO BONITO Circle El Paso, Texas

5 Beds 3 Baths 2,939 SqFt 0.23 Acres

5700 Rio Bonito Circle El Paso, Texas

4 Beds 4 Baths 2,733 SqFt 0.23 Acres

516 Cocula Avenue El Paso, Texas

1 SqFt 1.01 Acres

280 , 270 Ysleta Lane El Paso, Texas

2.32 Acres

Location first, property second.
Investment property down payment is on average a minimum of 15 – 20%. Your down payment is based on your credit score, income, and debt-to-income ratio.
1% Rule – In a real estate investment, your monthly rental income should be equal to 1% of your initial investment plus your improvement costs. i.e. your investment plus improvements = $300,000. Your monthly rental income should be $3,000.
Expenses – Investment property incurs regular and some unexpected expenses. Fixed expenses are insurance, taxes, and property management fees. Variable expenses are generally unexpected repair costs.
Property Management – If your time is limited and have no experience managing tenants, property management may be worth the additional expense.

Tip: Be sure to have some wiggle room with your finances so you can deal with unexpected expenses.