Digging up an old-ish thread... I mentioned that my real estate is in my local (northern CO) market, and high returns pretty much don't happen here. My rentals make about 6-6.5% *gross*, before ANY expenses. By the time I pay taxes, insurance, maintenance, etc I'm lucky to net 4% or so. And that's with me handling the management headaches.
(The upside is that the local market has always been very robust. It's grown steadily with never more than a 10% dip. My most recent purchase has appreciated 25% in the last 2.5 years. But that's not going to continue forever. And I've got 90% of my net worth in local real estate, which is not a good idea.)
I just saw a (spammed FB ad) pitch for a service that claims to work with investors to find, purchase, and totally manage rental properties in hot markets -- mostly Ohio. They claim you'll see an 11% return, net-net, after all expenses. Totally hands-off, just cash your checks.
I know some markets have much higher returns than I'm used to, but that's dinging my Too Good To Be True alarm. Does it sound even possible, or is this just another come-on scam? I would take 11% passive income ANY day, but I don't think it exists.
The sales pitch is at HelpRetire.com - Turnkey Real Estate Investing with Brian Bagnall.
Have you considerd mobile home park investing? A lot less work if you just want the rent checks , a lot more work if you want appreciation (because you just own the land and the utility lines , not the mobile homes)
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.