June 14, 2010
Real Estate Investing | Factors To Consider When Investing In Real Estate
There are some people who make money from renting out their property before their mortgage is paid off, by making the rent higher with other property costs. There are some that don’t seek to make profit immediately. They rent out the property and hope they will make money in the long run after the mortgage has been paid off. The article will give you a summary of investing, if it is short or long term.
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6 Comments on Real Estate Investing | Factors To Consider When Investing In Real Estate »
April 8, 2011
KARMINA @ 12:53 am:
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April 28, 2011
Joy Smith @ 10:57 pm:
Las Vegas real estate isn't going to be increasing in value anytime in the next 5-10 years. If you have the cash burning a hole in your pocket and you know that finding good tenants to rent to is going to be easy, and you don't need to see an increase in property values for a long time, then Las Vegas is great.
Real Estate can be a great investment, if you do it right. If you are going to be mortgaged up to your eyeballs without a property manager and don't know how to run the numbers correctly, it can be a complete nightmare.
Too many people forget to add in things like closing costs, mortgage interest, upkeep, utlities, HOA fees, property taxes, etc, and when they see a $10,000 return without counting all that, they get hooked. Then suddenly they don't understand why they aren't making their mortgage payments and dread that next property tax bill.
June 8, 2011
Julie @ 11:12 am:
Thanks I was truly shocked when Dave came home and started reading me some of the things the guy had said. Obviously you want to know he's experienced and has a lot to teach you, but he could convey that in a very different way!
I want to note that these types of courses do work for some people! We learned a lot and did buy several properties after taking a similar program. The fact that we ended up worse off because of those properties, instead of better off was our own fault. Not the courses.
Dave wrote an article on real estate investing courses, in general, a little while ago. In case you haven't seen it, here's the link:
Thanks for stopping in and leaving a comment!!
June 30, 2011
Julie @ 9:01 pm:
Great point Neil!! We always encourage people to attend their local real estate investing club meetings and that is a great place to ask about the rents they are getting for different property types. And these days with so many investor forums like REIN has for its members and Bigger Pockets there are probably plenty of opportunities to ask investors in your area without even leaving your house!!
Thanks,
Julie
September 25, 2011
Doctor Deth @ 4:46 am:
use the "Other" category
October 31, 2011
Simpson G @ 4:52 pm:
Las Vegas real estate isn't going to be increasing in value anytime in the next 5-10 years. If you have the cash burning a hole in your pocket and you know that finding good tenants to rent to is going to be easy, and you don't need to see an increase in property values for a long time, then Las Vegas is great.
Real Estate can be a great investment, if you do it right. If you are going to be mortgaged up to your eyeballs without a property manager and don't know how to run the numbers correctly, it can be a complete nightmare.
Too many people forget to add in things like closing costs, mortgage interest, upkeep, utlities, HOA fees, property taxes, etc, and when they see a $10,000 return without counting all that, they get hooked. Then suddenly they don't understand why they aren't making their mortgage payments and dread that next property tax bill.