Real Estate Guru

Q. Do you have any advice in searching for a rental investment? Areas to target?
-Mary

A. Rental properties, I find, are best when they are in a 10 mile radius of your home. You need to do the math. Do a rent survey and compare that to the payments fully loaded. Single family homes should always outperform condos or units. Check all numbers with your CPA.

Phil Immel is a Real Estate Broker for Prudential California Realty in Monarch Beach and Dana Point, Ca.

As seen on Realtor.com's Ask a Realtor
http://www.realtor.com/blogs/2009/10/28/finding-a-rental-investment-ask-a-realtor%C2%AE/