Best answer


If your land has a home on it,you can immediately start making money by renting out the home and land. Rent outside of major cities can be as low as$800 or as high as $10,000depending on the home,or higher if you聮re renting a mansion. There is also the option of using the land for timber.

People also ask


  • How much money do you make on your rental properties?

  • I make more than $100,000 a year from the cash flow on my rental properties after all expenses including mortgages, property management, maintenance, and vacancies. I now have 20 rental properties which are a mix of residential and commercial. I bought my first rental property in December of 2010 for $97k.

  • Can you really make money renting out your house?

  • If you want to make money renting your house out, don just willy-nilly set your rental rates. Make sure to research your competition first by looking at nearby rentals and comparing rates. You can find comparable rentals through Realtor.com online listings.

  • How much did you pay to buy your first rental property?

  • I bought my first rental property in December of 2010 for $97k. I started with residential properties but now buy almost all commercial, including a 68,000-square-foot strip mall in 2018. You cannot buy just any property and turn it into a rental if you want to make a lot of money.

  • How to determine a rental price for a house?

  • How to determine a rental price. Many landlords use the 1% rule to estimate rental value ?which suggests charging 1% of the home value for rent. For example, a home valued at $220,000 would rent for $2,200 per month. However, there are many factors to consider when setting a rental price, including: Local rent control laws.