Passive Income Properties begins its search by sorting through 40,000 plus properties in preferred subdivisions in DFW. This search is then narrowed according to square footage, number of bedrooms/bathrooms/garage spaces, year built and purchase price. (Our typical rental home is a 3/2/2 or 4/2/2, brick house with a slab foundation, between 1,500 and 2,000 square feet). This list is then further narrowed to target sub areas within each preferred subdivision where cash flows and equity captured upon purchase will be maximized. For every 30 homes walked, about 1 or 2 will meet our minimum return requirements and be delineated on our property analysis.
Sales comparables (comps) and rent comps are then studied to verify realistic market values and rents for the properties recommended for client purchase. These comps corroborate that a property in the same subdivision of a comparable square footage was actually sold or leased recently for a given sale or lease price. When was the last time you were able to project your returns based upon actual, verifiable market data before making an investment? Below is the most recent property analysis provided to our clients. The analysis assumes 20% down in calculating cash flows. In the current tight credit market, investors are still able to put down as little as 10% of the purchase price.
We suggest going to Morgan Stanley's website link below to check your tax equivalent yield:
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