What Is a Good Investment Property In Lawrence Kansas and What Are Good Investment Property Purchasing Strategies?
Stay tuned....Video will download...hit play.
Good Investment Property Strategies In Lawrence Kansas to make you money and build wealth are available for FREE. Read on to learn some real estate investment tips.
My wife and I own 8 rental doors plus our own house. We started with $0 in the bank 17 years ago and I can show you how to do the exact same thing for FREE.
There are good and bad ways to select houses for sale that can be used as investment properties in Lawrence KS. NOTE: "Houses" in this blog can refer to any rental type of investment property including commercial properties.
1) Considering more than one unit. When you have a single family rental property and it is vacant, you have no rental income. When you have a duplex, triplex, or 4plex and one unit is vacant, you still have other rental income coming in.
2) Various formulas exist such as the 1% rule, "have to have cash flow" rule, etc. that really are NOT wise to follow. For example, we bought a 4plex with a 5 year payoff rather than 30 years. This 4plex will not cash flow in the first five years but after the loan is paid off it will all be cash flow except for taxes, insurance, repairs, and maintenance. As of the writing of this blog, we have 15 months remaining to pay off the property. NOTE: Taxes, insurance, repairs, and maintenance costs are tax deductible expenses.
3) Selecting a property can be done on a price per sqft basis. The average SOLD price per sqft on the average house is $117 price per sqft. I can set up investment property alerts for you by sending you properties below $100 price per sqft or any other price per sqft maximum you would like. For example, I am showing an essentially tenant move in ready property tomorrow to one of my buyers that is priced at $81 price per sqft. Text/call Rob Lang, At Home Kansas, 785-393-2274 with your search criteria so you can be the FIRST to know when an investment property listing hits the market that matches your search criteria! Just give me the city or cities or area of a city, minimum bedrooms and baths, is garage or basement required, and price range. I will set up a self updating website that shows just your property matches and you can mark them "Favorite", "Possibility", or "Reject" for easier viewing. You will love the advantage this gives you over other buyers for the same property!!
4) The worst way to select houses for sale that can be used as investment properties in the Lawrence area would be to never select one to buy. When I was growing up, my parents said "Buy a house and when you have it paid off, you will have it made." My parents later changed that to buy several houses and you will be even better off. Letting renters buy the extra houses for you is how you can build wealth quickly. You are also helping renters who cannot yet buy a house for themselves.
5) NEVER sell a house (unless you can acquire two or more properties to replace that one). Capital gains taxes will cause you to lose 25% of your profits. You will lose your tax savings when you sell a house. You will lose at least $10,000 in closing costs. You will lose the rental income after the investment property is paid off.
I have a FREE, no obligation investment property seminar that I offer where I show you how to select an investment property, how to screen tenants for FREE (simply telling renters you do tenant screening will eliminate almost all of the tenants with evictions, civil cases, criminal case, jail logs, police incident reports, bad references, etc.), how to find a quality property manager if you can’t or don’t want to manage the property yourself, how to get tax savings on your rental properties but also additional tax savings on your own personal home, and much more.
You might ask why are you doing this for FREE and no obligation? I just enjoy helping people. It is that simple. Some will choose to buy their investment property through me and some will not but either way, people who are looking to build wealth through investment properties should be set up to succeed rather than set up to fail.
Be sure to ask Rob Lang about bifurcation for even greater tax savings. Text/call Rob Lang, At Home Kansas, 785-393-2274 to learn What is a Good Investment Property In Lawrence Kansas.
Articles / Blogs
House For Rent 4BR 2BA 2 Car Garage Basement Lawrence KS
1402 W 2 Lawrence KS Houses For Sale Fenced Yard, Walkout Basement, 3 or 4 Bedroom, 1 Bath, 2 car Garage
318 S Stratton Cir Eudora KS Ranch, Move In Ready
$10,000 PRICE REDUCTION!! 3BR, Ranch, fenced yard, covered porch deck and patio
SOLD by Rob Lang At Home Kansas 720 Coving Ct Lawrence KS
Lowest Priced 4 BR 1626 Lindenwood Ln Lawrence KS
Houses For Sale in Lawrence KS $350000 to $400000
How To Find Out How Much Houses For Sale Are Worth
At Least 1 Acre Homes For Sale Under $200000 Near Lawrence Kansas
FREE Sports Physicals Courtesy of Dr Neu of NeuCare Lawrence Kansas
Houses For Sale in Lawrence KS $200,000 to $250,000
Why Rob Lang for Your Lawrence KS Real Estate Needs?
First Watch Offering $20 in Bonus Bucks!
What's This Shadow Ridge Eudora Seller Have to Say "About This Home"?
New Listings in Lawrence Kansas Real Estate Homes For Sale
Seller Financing House 4 BR 3 BA 2 Car Basement Lawrence Kansas
Lawrence Kansas Luxury Condos, Lofts, and High Rise Condos
Villa you fall in love with this beautifully landscaped, double lot, 3 bedroom, 2 bath, luxury, move in ready, covered patio, English walk through garden, open space villa?
SOLD....but I've Got More Rob Lang At Home Kansas 785-393-2274
Easy K-10 access, move in ready, multiple upgrades, 50 year siding and trim.
I Am NOT Finding What I Am Looking For In A House in Lawrence KS!
Houses For Sale in Lawrence KS $500000 and Higher
Find Any House in Any City - Homes For Sale
Fenced Yard, Fireplace, Sunflower Elementary, Finished Basement, 2709 Bluestem Dr
Running Ridge Road Lawrence Kansas is located in 66049
What Things You Just Do Not Do When Buying a House?
Deerfield 4 Bedroom Houses For Sale Lawrence KS
2.5 Acres, 3 BR, 2 BA, 627 E 1450 (What's the Price?)
Houses For Sale in Lawrence KS $300000 to $350000
Bishop Seabury Academy Lawrence KS
Renters Are Still Paying a Mortgage But Not Theirs
Home Value Lawrence Kansas
What Is Seller's Bottom Dollar For This Home?
Houses For Sale in Lawrence KS $250,000 to $300,000
Houses Single Family to Rent in Lawrence Kansas are rare
Baldwin City KS Homes For Sale Fall Tree Colors Maple Leaf Festival
Real Estate Market Review for Lawrence KS
Chicken Creek 10 Acre or 2 Five Acre Plots Available
Broken Arrow Elementary Lawrence KS Homes For Sale
Same Day Delivery Concierge for Lawrence Kansas
Rob Lang Reviews from Sellers and Buyers
Who Has Eaten at the Levee Cafe?
Complete Remodel, 4BR, $200,000, Panoramic View
HousesForSale in Lawrence KS to $400000 to $500000
Looking for HousesForSale in Lawrence between $160,000 and $180,000?
Why Rent? Total Rent Paid Over 10 Years in Lawrence Kansas and Eudora Kansas
1719 E 550 Rd 6 mi W Of NW Wal-Mart in Lawrence KS
2017 Issue 11 Real Estate News
Lawrence Kansas Open Houses Shown By Price
Houses For Sale in Lawrence KS $100,000 to $120,000
Manhattan KS Houses For Sale
Houses For Sale in Lawrence KS $120,000 to $150,000
Do you need a real estate agent to sell your Lawrence KS home?
HousesForSale in Lawrence KS Under $100,000 Houses For Sale
2709 BLUESTEM DR, LAWRENCE, KS 66047 video
Juggling Two Home Transactions at Once?
Cordley Elementary Lawrence KS Homes For Sale
List It Rob Dot Com
Search For What You Are Looking For in Lawrence KS Homes For Sale
MCI Driver $70 From Lawrence to Kansas City Airport
Baldwin City KS Homes For Sale Things to Do
312 Wagon Wheel Rd Lawrence KS Houses For Sale
HomeSnapLawrenceDotCom HomeSnap Lawrence KS Homes For Sale
Home Search By Schools in Lawrence Kansas
Villa Luxury Homes For Sale in Lawrence Kansas?
Pros and Cons of Real Estate As An Investment in the Lawrence KS Area
Looking for maintenance free living in Lawrence KS?
High Winds October 14, 2017
$700 House Payment? Doable? Why Are You Still Renting?
What Is Going On #1?
Houses For Sale in Lawrence KS $150,000 to $200,000
Fierce Competition -- 2018 Housing Forecast Lawrence Kansas and State of Kansas
For Sale By Owner FSBO Lawrence KS Flat Fee Listing
Should I Wait to Save Up 20 Percent Down Payment?