3/19/2010

MoneyMatters101.com Home Real Estate Information A Home As Investment Appraisal Are Our Houses Too Big? Attention Veterans! Avoiding Mortgage Fraud Buying A Home Buying Foreclosed Home Buying Real Estate Closing Costs Distressed Properties Down Payments Escrow Information Fair Housing First Time Buyer Foreclosure Guide Foreclosure Scams Homesteads Homes Still Cost Too Much Home Warranties Home Worth Housing Boom Statistics Increase Sale Value Interest Rates Loan Modification Plan Looking For A Bargain Making An Offer Market Analysis Mineral Rights Overvalued Property Possible Climate Change PreForeclosure Handbook Preparing Home For Sale Preparing To Buy A Home Pricing Your Home Probate Properties Property Appraiser Real Estate Real Estate Investment Trusts (REITs) Real Estate Scams Rental Profits Revive Housing Market Sellers Guide Sell First? Selling Real Estate The Housing Crisis The Housing Mess What Can You Afford? What Is A Short Sale? You Flinch...You Lose Links Email Us Homeowner Property Short Sales	Profits With Rental Properties by: Jakob Jelling So you are interesting in becoming a landlord? Investing in rental properties can be an exciting and very profitable business. Not only can real estate provide current income through rental property but it also can increase your personal wealth or networth. Make no mistake, this is not a sure thing to easy money and investing in real estate is not for everyone. There are risks as with any business or investment but with careful research and the help of a real estate professional you can find the right property in the right location for maximum return on your investment. Steps to purchasing your rental property Meet with a mortgage broker to determine how much you can borrow and to obtain approval for a loan. Next you need to determine the type of property you are looking for. Will it be a single family home or commerical property with multiple units? When you have a potential property identified estimate the possible rental income you could expect from this property based on comparable rentals in the area. Determine your anticipated cash flow from the rental. You will need to consider income from rent compared against all expenses including the mortgage, insurance, property taxes, maintenance, and repairs. Be sure to review the potential tax consequences of your purchase. Rent the property until you determine it is in your best interest to sell it. Because of the potential financial and tax consequences of your decisions, it is very important to consult with a professional real estate agent throughout this process. You will also likely need the assistance of an attorney and a tax advisor. About The Author Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate. Reprinted from ArticleCity.com	Featured Book Advertise on MoneyMatters101.com
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