Properties

Featured Property

212 EVEREST Drive El Paso, Texas

4 Beds 4 Baths 7,096 SqFt 0.530 Acres

4780 Turtle Dove Place El Paso, Texas

6 Beds 6 Baths 5,462 SqFt 0.810 Acres

224 Chilo Way El Paso, Texas

0.500 Acres

220 Chilo Way El Paso, Texas

0.510 Acres

216 CHILO WAY El Paso, Texas

0.470 Acres

1008 Kimberley Street El Paso, Texas

4 Beds 3 Baths 2,721 SqFt 0.240 Acres

3405 O'Keefe Drive El Paso, Texas

4 Beds 3 Baths 2,180 SqFt 0.180 Acres

5534 Grove Drive Sunland Park, New Mexico

4 Beds 3 Baths 2,104 SqFt 0.130 Acres

701 S El Paso Street El Paso, Texas

1,875 SqFt 0.050 Acres

Location first, property second.
Investment property down payment is on average a minimum of 15 – 20%. Your down payment is based on your credit score, income, and debt-to-income ratio.
1% Rule – In a real estate investment, your monthly rental income should be equal to 1% of your initial investment plus your improvement costs. i.e. your investment plus improvements = $300,000. Your monthly rental income should be $3,000.
Expenses – Investment property incurs regular and some unexpected expenses. Fixed expenses are insurance, taxes, and property management fees. Variable expenses are generally unexpected repair costs.
Property Management – If your time is limited and have no experience managing tenants, property management may be worth the additional expense.

Tip: Be sure to have some wiggle room with your finances so you can deal with unexpected expenses.