Saturday, December 28, 2013
Real Estate Investments in Beverly Hills - Rental Property
Investment real estate in Beverly Hills are steadily on the rise, including rental property. When investors take the plunge, they're primarily concerned with enjoying immediate returns by leasing the property. Appreciation is another concern. The escalating Southern California market has many ambitious investors toying with the idea of purchasing property with a negative cash flow. Buying property each month when you have to “feed it” is just not worth it. What you can do before investing in rental property is to take into account estimated property taxes, maintenance costs and mortgage payments. Also make sure the total comes up to less than the projected rental income. A valuable investment entails that the yearly rental revenue should be between 15% and 25% of your investment property's total worth. Be a savvy investor and incorporate some of these strategies into your investment plans.