Single Family homes 🏡 can be lucrative physical property to add to your property portfolio ✨️
They usually have a higher resale value than duplexes , tri-plexes , and quads....( one building properties)
🔑 keys to a great purchase:
Make sure that the single family home that your contemplating buying will fetch more rent per month than it's required mortgage payment.
If this factor is upside down 🔻 then it's likely the home will become a liability to you, and therefore not a piece of property that's worth having in your portfolio⭐️
Make sure the properties potential repair/maintenance costs do not SAP your resale or rental profit.
Location is important , although there are many income producing properties outside of large cities.
And finally your personal time ⏲️ 🙌 should be taken into consideration. Will the purchase SAP your energy for other property investment and income opportunities? 🤔 How much time will it take from you weekly. Anything over a couple of hours you should weigh the pros and cons.
Did you know must of the World's Millionaires have been made in real estate ( property).
Although the foot-print 👞 of what " valuable Property is" will change significantly over the next decade 2020-2030. Real Estate - homes , houses , apartments , land etc....will always be part of the World's Most sought after and valued assets.