Properties

Featured Property

15676 North Loop Drive Fabens, Texas

3 Beds 2 Baths 2,143 SqFt 7 Acres

1123 CALLE PARQUE Drive El Paso, Texas

5 Beds 4 Baths 3,839 SqFt 0.27 Acres

6510 FRANKLIN COVE Place El Paso, Texas

5 Beds 5 Baths 3,809 SqFt 0.23 Acres

224 Chilo Way El Paso, Texas

0.5 Acres

220 Chilo Way El Paso, Texas

0.51 Acres

1008 Kimberley Street El Paso, Texas

4 Beds 3 Baths 2,721 SqFt 0.24 Acres

216 CHILO WAY El Paso, Texas

0.47 Acres

1942 BAY CITY Place El Paso, Texas

3 Beds 3 Baths 2,435 SqFt 0.88 Acres

5848 MIRA SERENA Drive El Paso, Texas

3 Beds 3 Baths 2,061 SqFt 0.1 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.