Here is a property recently purchased as a direct result of The Deed XChange™. It has great income potential so we decided to keep it as a rental.
This property was bought for around $20k and they put about $10K into it to fix it up. It is now rented to a Choice Voucher “formerly HUD Section 8” tenant for $980 per month! Here are the full details:
Do you see why they decided to keep this one as a rental?
It’s all about the cash flow! Certainly they could have flipped it and made some great quick cash. However, there will be times you need to look at a more long-term view. Over the time that this property is held, it will double, triple, and quadruple the return of what they could have made by flipping the property.
There is no way they will loose over the long-term! Just imagine, even if they sell the property 5 years from now for the price they bought it for – $20,000, they gained all the rental income!!!
The morale of the story: everyone likes immediate cash that a flip can sometimes bring. But if you are looking to build long-term wealth, and you should, make sure you’re real estate investing portfolio includes long-term rentals!
Hope this helps, and as always…here’s to your continued success!
Creator of The Deed XChange™