Investing in Campbell Real Estate: Now Is the Time
Real estate investment creates an excellent passive income stream – which is taxed at a lower rate than wages. Further, passive income from rental properties tends to rise: as the market shifts, rental rates typically increase, but your mortgage payments stay the same.
The Secret to Successful Investing
I always encourage investors to look at multi-unit properties. In Campbell, multi-units are typically duplexes or fourplexes.
The advantage of a multi-unit is that they go for the same price as a single-family home - but instead of just one rental income, you get two or four. This helps with maintaining positive cash flow.
For example, if you buy a single-family home for $500,000, your mortgage will likely be about $3,500/month. However, it’s challenging to rent out a half-million-dollar property for more than $3,000/month. The resulting $500 shortfall means you’ll need to feed the investment every month. Add in the cost of repairs and maintenance and the proposition quickly becomes a money pit.
But if that property had four units, you could rent out each unit for $1,200/month, allowing for a monthly $1,300 profit.
Why Investing in Campbell Is Better Than San Jose
Although Campbell has fewer investment properties than San Jose, I recommend investing in Campbell properties over San Jose for two reasons:
Where to Buy Investment Property in Campbell
Where are the best places to buy rental property in Campbell? There are several pockets of multi-units:
Here’s How Hard I Work for You
I don’t like to take no for an answer. In fact, when presented with a challenge, my attitude is always, “How can I make this work?”
For example, I once had a client who was interested in buying a rental unit placed above a storefront. This was near downtown in a hive of trendy condos over retail space. I knocked on every door, made phone calls, and otherwise persisted until I found a buyer who was interested in selling.
Realty investment is my passion. It’s truly a thrill for me to track down that perfect property for you. I learned all about the business from a young age, watching my father’s very successful real estate investment business, and I’ve been an investor myself for years.
Find out how I can help you invest in Campbell real estate. Call me at 408-210-2400 or email Debbie@Campbell-Properties.com.
Contact me today and take advantage of this unique time in the housing market!