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RE: The Scaredy Cat Investor Show - Live at 8pm UTC (3pm EDT) Today!
Did see your question, may been the part of show you missed. As for estimating rent I take a look at all the current listings high and low and use median price if that is all I have to work with otherwise I prefer to take all of the closed listings (usually need agent MLS access for this) and take the median of those prices as that is what rents actually are as opposed to what landlord are asking. Asking price is usually not more than $25-50 a month more than what is actually received though.
Ohh, that makes sense... A little market research to find the perfect price... I would love to get into rentals, but I'm still a college student, so I have almost 0 money to do that.
In the UK it's a lot simpler, you can do a rent2rent contract where you rent the house, put some furniture on it, and you can rent it again... I've seen people starting with 5k and after 1 year they had enough income to buy an actual property instead of renting
That's awesome man. Maybe you can partner up with someone that has a little money to invest. It happens way more than you think.