Home Owning

Income Properties

When people come to America from other parts of the world to make their fortune, one sector of real estate that allows that to happen is income property. Investing in real estate has been the key to some of our countries most successful entrepreneurs no matter whether they came from outside the US or one of our 50 states or protectorates.

Is it easy? It is not easy. Can anyone do it? No. More people have tried and failed than have had enormous success. But many have done very well with income property and built a comfortable living through hard work, education, practical decisions and disciplined negotiating.

Monty has experienced or witnessed great successes and colossal failures in most every type of real estate investment or vehicle available. As an income property investor and real estate broker those experiences have been a great teacher. If you have a real estate investment question, just Ask Monty.

  1. An opportunity to buy a second home directly from the owner has appeared. What are the pros and cons of rental property?

    Reader Question: My husband and I have the chance to purchase a second home. We value our home at approximately $265,000. We owe about $130,000 on the mortgage. Our monthly mortgage payment for our house is $1,100. That plus all of our other monthly bills comes to approximately $2,300 to $2,800 per month. We want […]

    October 29, 2016
  2. How does one evaluate income property?

      Reader Question: We want to make our first real estate investment purchase. We have decided on investing in older 2-4 family apartments. It appears there are different ways to decide what a property is worth. How do you evaluate an old three family? Julie and Rob P. Monty’s Answer: There are many theories regarding […]

    August 15, 2015
  3. What are the biggest mistakes of new real estate investors?

    Reader Question: We just backed out of our first real estate investment deal. We took some bad advice, but luckily, discovered an undisclosed issue through a whistleblower. It made us ask ourselves, what else could we have missed? What are the biggest mistakes of new investors? Justin and Ann P. Monty’s Answer: Every year new […]

    April 20, 2015
  4. 8 good tips to renew older apartments

    Reader Question: Monty, we inherited two 16-unit apartment buildings from my father. They have been in the family for over 30 years. I never took an interest in real estate until now, but as a kid I did mow the lawns. They are free and clear and we intend to keep them. Dad was a […]

    July 22, 2014
  5. How do I get started managing a rental property?

    Reader Question: Monty, I am saving and looking to buy my first rental this year. What kind of infrastructure do I need to have in place to support this kind of business? Thanks, Rob P. Monty’s Answer: Building a real estate investment team is important. Owning investment real estate can be a great business. You are […]

    April 8, 2014
  6. Utility bill increase squeezes tenants

    Reader Question: I am a long time resident at an apartment complex that used to have utilities included with the rent. In 2010, they switched to charging shared utilities. The average monthly increase was about $20 -$30. Since April of 2013, the complex is now using a 3rd party billing company. The utilities added to […]

    March 4, 2014