2006-07-14 16:56:28 · 5 answers · asked by midnight05 1 in Business & Finance ➔ Investing
Investing on real estate is got many questions this web-site will give you Legal Resouces, up-date new and chat room with other investors...on Laws and Statutes then click on your state.
2006-07-14 17:08:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sturgis, South Dakota hosts an annual Biker event that is huge, and by huge I mean for one week a year the fairly meager 6,500 population booms to about half a million strong. Look for houses that you could rent to potential renters than put in the lease that they have to move out during the rally (with an incentive like free rent for the month), then rent the place out to some bikers or vendors or whoever might be interested. I shouldn't be giving this advice since I live in Sturgis, and I will be looking to buy a house sometime soon but tons of other people are doing it so why not you.
2006-07-15 00:04:07 · answer #2 · answered by tre_loc_dogg2000 4 · 0⤊ 0⤋
A good real estate investment is one that has operating yield comfortably above the interest rate you are paying to finance this investment.
2006-07-15 00:57:47 · answer #3 · answered by NC 7 · 0⤊ 0⤋
Not sure but......
Keep in mind...........
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://www.brokerforyou.com/blogger/index.html
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
2006-07-17 01:55:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
ask eddie_giam@yahoo.com
he'll let u know...
2006-07-15 00:00:25 · answer #5 · answered by lou 3 · 0⤊ 0⤋