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The 3L’s of property Investment.
What DEVAPRO does.
Whether you’re looking to LIST, LEASE, or LIVE in your property, our team of experienced real estate developers is dedicated to creating exceptional spaces that meet our clients’ needs. With a focus on quality, innovation, and sustainability, we strive to deliver outstanding results that exceed expectations. Our commitment ensures you can maximize your investment and potentially save tens to hundreds of thousands of dollars.
Investment Strategy Explained:
Can I LIST My Property?
The 70% rule is a guideline for house flippers, stating that your total investment in a property—including all related costs—should not exceed 70% of its after-repair market value (ARV). To apply the 70% rule, simply multiply the property’s market value by 0.7 (or 70%). The difference between the market value and your total investment represents your potential profit.
Should I LEASE My Property?
The 1% rule is a general guideline for determining how much rental income a property should generate. According to this rule, an investor can expect to maintain positive cash flow if the monthly rent is at least 1% of the purchase price. Additional Costs to Consider When Determining Rental Prices are Maintenance & Insurance, Property Taxes and Operating Expenses.
Why Not LIVE In My Property?
The Bottom Line is that it’s your investment property, so it’s crucial to understand the potential return on investment before making a purchase. Whether you plan to LIST, LEASE, or LIVE in the property, having a solid strategy can make all the difference. Now that you’re familiar with a few key investment principles, it may be time to start your real estate investment journey.