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Real Estate g
Eileen M. Day REALTOR
NO MONEY DOWN?
If you’re thinking about becoming a real estate investor, don’t expect to buy a good rental property with the much publicized "no money down” techniques. These are high-risk strategies that usually create large negative cash flows. That means the expenses exceed ' the income. The owner has to reach deep into his won pocket each month and ante up the differ’ence. Remember, the return on ' “nothing" is just that—nothing.
In order to structure a trans' action that is economically sound, *you need to make a realistic analysis of your projected income and expenses. You want to be certain * .'you projected income and ex. penses. You to be certain your projected rental income will ■ -Ray your mortgage, taxes, and op.erating expenses, and give you a ’reasonable return on the capital you invested.
Our agency can help you make an analysis like this and also provide you with rental rates for com’ parable properties as well as current mortgage information.
If there is anything we can do to help you in the field of real estate please stop in at EILEEN M. DAY, Realtor, The Clopton .'House, Washington, Va. 22747. Phone 675-3003. We’re here to •help. .O
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