Properties

Featured Property

4780 TURTLE DOVE Place El Paso, Texas

6 Beds 6 Baths 5,461 SqFt 0.81 Acres

1114 Los Jardines Circle El Paso, Texas

4 Beds 3 Baths 2,719 SqFt 0.14 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

763 VIA LANZA Street El Paso, Texas

3 Beds 3 Baths 2,323 SqFt 0.24 Acres

730 N 4th Street Anthony, New Mexico

1 SqFt 1 Acres

1920, 4601 N Zaragoza/ Hondo Pass El Paso, Texas

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.