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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 20 Jul 2005 16:16:06 GMT
/ Author of the message: "Don" |
Title of the message: |
Re: general 'rule of thumb' for rental house/rental rate per month?
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Text of the message: |
"Nona" <nona@mukashi-satake.com> wrote in message news:suprd1db3ao8vniam42ks1d166g0emp4dg@4ax.com... > Because of the high price of homes in California, especially in Bay > Area, there is no way you can get 1%. Many homes are more than 1 Mil. I suspect the same thing is true in places like Florida, the northeast, and many other areas. Many people, including me, fixating on a rule like that would have been out of business a long time ago. I would suggest that a better rule would be something like: "Make sure the income comes pretty close to the expenses," and if you are in an area with a rising economy and you hold the property long enough, everything should turn out well. . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.