TonyH Posted October 11, 2007 Share Posted October 11, 2007 I would be interested in knowing the forum's opinion of what each person considers as a good investment property (quantitative variables only).Price [range]RentRentabilitySizeTax RateCap RateI have some for sale myself and I want to see if my supply 'fits the needs' of investors 'out there'...Link to my website in my profile... Quote Link to comment Share on other sites More sharing options...
BryanS Posted January 4, 2008 Share Posted January 4, 2008 Price: 100K to 160KRent: 1% of sale price/monthRentability: Must rent within 30 to 45 daysSize: 3-2-2; 1300 to 2000 sqftAge of Property: New enough such that the property is less than 50 years old at time of future re-sale. Assuming a 30 year mortgage (that is not paid off early), that comes out to no older than a build date of 1989. Hard finding insurance for properties that are over 50 years of age (without a lot of extra work and hassel).Tax Rate: 2.6 to 3.0 Location: Near professional employment centers. In a good school district.I am looking to purchase rental property in the Clear Lake area. I found the house (per my guidelines above). But I have called four insurance companies - NONE of them are writing dwelling fire insurance on investment properties in Harris county. Any recommendations? I have looked at your listings, the insurance seems really low. How did you pull that off?I would be interested in knowing the forum's opinion of what each person considers as a good investment property (quantitative variables only).Price [range]RentRentabilitySizeTax RateCap RateI have some for sale myself and I want to see if my supply 'fits the needs' of investors 'out there'...Link to my website in my profile... Quote Link to comment Share on other sites More sharing options...
musicman Posted January 4, 2008 Share Posted January 4, 2008 Welcome to HAIF BryanS Quote Link to comment Share on other sites More sharing options...
spiderman Posted January 5, 2008 Share Posted January 5, 2008 Price: 100K to 160KRent: 1% of sale price/monthRentability: Must rent within 30 to 45 daysSize: 3-2-2; 1300 to 2000 sqftAge of Property: New enough such that the property is less than 50 years old at time of future re-sale. Assuming a 30 year mortgage (that is not paid off early), that comes out to no older than a build date of 1989. Hard finding insurance for properties that are over 50 years of age (without a lot of extra work and hassel).Tax Rate: 2.6 to 3.0 Location: Near professional employment centers. In a good school district.I am looking to purchase rental property in the Clear Lake area. I found the house (per my guidelines above). But I have called four insurance companies - NONE of them are writing dwelling fire insurance on investment properties in Harris county. Any recommendations? I have looked at your listings, the insurance seems really low. How did you pull that off?Suggest you try contacting Atkinson Brothers - one of their specialities is providing insurance for rental property. Phone: 713-664-4021 or 800-929-6093. Quote Link to comment Share on other sites More sharing options...
houstonmacbro Posted January 5, 2008 Share Posted January 5, 2008 Location and price. Quote Link to comment Share on other sites More sharing options...
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