Finding the Cash Cows in Today’s Market
July 14, 2010 – 8:25 am
Cash Cow - The American way to make money
If you’re like me, chances are you’ve been drooling over the real estate inventory out there, not to mention the ridiculously low interest rates. But if you’re sitting on a pile of cash in a bank that’s giving you .5% interest on your money, it’s time to consider moving your money into something with a better return. You need a cash cow!
A cash cow is a business or product that generates a steady,dependable flow of cash. In real estate, that means an investment property that will make more money than it costs to purchase and maintain over a 5-10 year period. Of course, in today’s market, most people think in more immediate terms. No problem!
One of the silver linings of our economic downturn is that you can finally turn investment property into a steady source of income . Of course, it’s against the law for me to guarantee you profits or specific gains, so instead I’ll simply give you examples of real properties that are currently providing a steady stream of rental income as of today.
Each of these are available for sale right now either through MLS or privately through me.
2150 Spoleto Ln B-7, $50,000: 1200 sq ft 2 beds, 2 baths, rents $685 per month
1420 Westwood Dr, James Is - $135,000. 3 bed 1 bath, Rents $850-900 per month
1558 Westwood Dr - Handyman special 3 bed 1 bath $85,000. Rent $750
700 Daniel Ellis - 1 bed 1 bath condo $125,000 Rents $850. per month
These are just a sample of what you can get today. For more info on investment property and cash cows, give me a call. I’d be happy to assist you.
