Income properties acquisition involves act of obtaining ownership of a real estate asset that produces income. These properties can be apartment building, commercial, industrial & storage spaces, or single family homes.
The key is to find properties that will create positive cashflow as mentioned in previous week. One important factor to consider is-Price to Rent Ratio (P/R ratio). This is the cost of ownership divided by the received annual rental income. It is a clear indicator of how good a property is, as target of acquisition. The lower the price to rent ratio, the better the property is.
The industry average in US for P/R ratio is 15. In the best rental market in US, Las Vegas, it can be as low as 8. In general, purchasing properties at a depressed market is timely strategy to improve P/R Ratio.
Millhouse Ventures Ltd. specializes in finding the perfect opportunity to acquire. It has been achieving P/R Ratio at around 6, in the metropolitan of Las Vegas. This is way below industry average of 15. For more information about Millhouse's Las Vegas properties acquisition, please visit www.millhouseventures.com and click on "View Properties".
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