Posted by Lea Simpsons on May 27, 2010 at 02:22:47:
Sorry James, I mean how can i find a good real estate
investment property for the purpose of flipping or
rehabbing a property.
How to find good investment property? - Posted by lea simpsons
Posted by lea simpsons on May 26, 2010 at 02:05:08:
Finding a profitable rental property usually takes time,
connections and plenty of research. Can you share us tips to
be successful in this field?
Re: How to find good investment property? - Posted by AmotoXracer
Posted by AmotoXracer on May 27, 2010 at 18:30:25:
Finding profitable rentals has alot to do with your market. First, verify what market rent is by calling all the for rent signs you can find and by checking the local paper. It may be useful to google “Fair Market Rent Documentation” and the name of whatever county your in, to see what sec 8 guidelines are. Once you establish market rates, its as simple as figuring out the rent minus expenses. If you have never actually made a real estate investment then the single best thing you can do for yourself is look at property. In my opinion, you should look at, at least 100 properties before you buy, just to develop a sense of what is avaliable, and at what price levels. Dont get in to big of a hurry, the market isnt really turning around much, so be patient. Obviously newer is generally better. Nice neighborhoods are better than not so nice neighborhoods. Beaters are not as good as nicer property, and common sense will get you a very long way.
Re: How to find good investment property? - Posted by James - Michigan Investor
Posted by James - Michigan Investor on May 26, 2010 at 10:22:45:
Where do you live?
You need to ask better questions…as yours are too broad.
James