How To Buy a House that Pays You Every Month

Introduction

Owning a home is the American dream. It’s not just a place to live; it’s an investment. And if you’re smart about your purchase, that investment can pay off big time. For example, I bought my house for $200,000 in 2016 (and paid cash for it), but now that my property value has increased by $50k, I’m banking $800 a month in passive income. That’s right—by buying one house, I’ve turned my entire mortgage payment into profit every month!

Inflate your income.

Inflate your income.

You need to make more money than you are making now if you want to buy a house that pays you every month. If that’s not possible, then consider other options like downsizing or renting out your current home for extra cash flow.

Look for a rental property with a low cost per square foot.

There are many different ways to determine the cost per square foot of a house. One way is to find out what other houses in your area are going for, and then apply that number to the home you’re looking at. The lower this number is, the better!

If you can find a rental property with a low cost per square foot, it could be perfect for your situation. As long as there aren’t any major issues with the house (like holes in walls or broken appliances), then buying this kind of rental property could help pay off all or part of your mortgage every month!

Look for a house that requires little to no maintenance.

• Look for a house that requires little to no maintenance.
• Maintenance is the cost of keeping your home in good working order and running smoothly. It includes things like replacing old appliances, repairing leaks or broken windows, cleaning gutters and rain spouts, taking out trash, etc. The less work you have to do on your house (and therefore the lower your monthly expenses), the more money you’ll have left over each month for yourself!

Analyze the market.

Once you’ve decided on an area and a price range, the next step is to do some research. You’ll need to find out what the average rent and sale prices are in your target neighborhood.

To start with, look at the average rent in your neighborhood–this will give you a sense of where homes are priced relative to each other. Then, look at the average price per square foot of houses sold in that area over time (you can find this data online). The more expensive homes tend to have higher prices per square foot because they have bigger rooms and amenities like granite countertops or stainless steel appliances that drive up their value; but if there aren’t many luxury properties selling around yours then there’s no guarantee yours will hold its value well over time either!

Fix it up, but don’t overpay for upgrades.

When you’re looking at a new property, it’s easy to get caught up in the excitement of what can be done with a house. But before you start making big plans for upgrades, there are some things you should consider.

• Look for upgrades that add value to the property. Upgrades that don’t add much value won’t be worth it in the long run–especially if they end up costing more than what they’re worth!
• Don’t overpay for upgrades: Sometimes people will try too hard and spend way too much money on something because they think it’ll help them sell their home later down the line or just make them feel better about themselves (and sometimes those things do happen). But most importantly: Don’t waste money on things like granite countertops when all anyone wants is a place where they can sleep at night!

You can buy a house that makes you money

There’s a way to buy a house that makes you money. It’s called ‘renting out’ your home, and it’s easy:

Renters have to pay their rent on time every month, so they’re less likely to skip out on paying their bills. And since the renter is responsible for any repairs they cause while living in your property (like painting over the walls or damaging carpet), you won’t have to worry about fixing anything after they leave–the renter will!

In addition, if your property value goes up over time due to inflation or market conditions (and it probably will), then selling it later could net you even more profit than simply collecting rent each month!

Conclusion

So, the next time you’re looking to buy a house, take these tips into consideration! You can find a home that will make you money and help you build wealth. All it takes is some research, patience and hard work–but don’t worry: we’ll be here every step of the way with more advice on how to get started investing in real estate investment trusts (REITs).